Short Interest in ProShares Ultra TSLA (NYSEARCA:TSLI) Increases By 186.8%

ProShares Ultra TSLA (NYSEARCA:TSLI) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 17,530 shares, a growth of 186.8% from the June 15th total of 6,112 shares. Currently, 19.5% of the shares of the company are sold short. Based on an average daily trading volume, of 22,765 shares, the days-to-cover ratio is currently 0.8 days.

ProShares Ultra TSLA Price Performance

TSLI traded down $1.57 during trading on Monday, hitting $22.86. 28,272 shares of the company traded hands, compared to its average volume of 16,694. ProShares Ultra TSLA has a one year low of $18.50 and a one year high of $46.11. The stock’s fifty day moving average is $26.00 and its 200 day moving average is $27.75.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares Ultra TSLA stock. Optiver Holding B.V. increased its stake in ProShares Ultra TSLA (NYSEARCA:TSLI) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,258 shares of the company’s stock after purchasing an additional 830 shares during the quarter. Optiver Holding B.V. owned approximately 10.29% of ProShares Ultra TSLA worth $209,000 at the end of the most recent quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

ProShares Ultra TSLA Company Profile

The GraniteShares 1x Short TSLA Daily ETF (TSLI) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLI was launched on Aug 9, 2022 and is managed by GraniteShares.