GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 77,110 shares, a decline of 67.9% from the April 30th total of 240,394 shares. Approximately 10.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,275,618 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
An institutional investor recently bought a new position in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC acquired a new stake in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,301 shares of the company’s stock, valued at approximately $155,000. Jane Street Group LLC owned 1.05% of GraniteShares 1.25X Long TSLA Daily ETF as of its most recent SEC filing. Institutional investors and hedge funds own 51.48% of the company’s stock.
GraniteShares 1.25X Long TSLA Daily ETF Stock Down 1.8%
Shares of TSL stock traded down $0.33 on Friday, hitting $17.57. The company had a trading volume of 581,856 shares, compared to its average volume of 1,169,228. The firm has a market cap of $12.47 million, a P/E ratio of 12.29 and a beta of 1.84. The company has a 50-day moving average price of $15.48 and a 200-day moving average price of $16.89. GraniteShares 1.25X Long TSLA Daily ETF has a twelve month low of $10.47 and a twelve month high of $21.31.
GraniteShares 1.25X Long TSLA Daily ETF Company Profile
The GraniteShares 1.25x Long TSLA Daily ETF (TSL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.25x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSL was launched on Aug 9, 2022 and is managed by GraniteShares.
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