Key stats
About GraniteShares 2x Short TSLA Daily ETF
Home page
Inception date
Aug 21, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
GraniteShares Advisors LLC
Distributor
ALPS Distributors, Inc.
TSDD is a short-term tactical tool that aims to deliver -2x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the -2x multiple. Aside from the inverse leverage exposure, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending, and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to January 22, 2024, the fund traded under the name GraniteShares 1.5x Short TSLA Daily ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TSDD last dividends amounted to 71.90 USD. The year before, the issuer paid 5.44 USD in dividends, which shows a 92.43% increase.
TSDD assets under management is 79.93 M USD. It's risen 14.01% over the last month.
TSDD fund flows account for 213.16 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
TSDD shares are issued by GraniteShares, Inc. under the brand GraniteShares. The ETF was launched on Aug 21, 2023, and its management style is Passive.
TSDD expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
TSDD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TSDD invests in cash.
TSDD price has fallen by −34.97% over the last month, and its yearly performance shows a −94.35% decrease. See more dynamics on TSDD price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −37.55% over the last month, showed a −61.11% decrease in three-month performance and has decreased by −94.63% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −37.55% over the last month, showed a −61.11% decrease in three-month performance and has decreased by −94.63% in a year.
TSDD trades at a premium (0.32%) meaning the ETF is trading at a higher price than the calculated NAV.