GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Sees Large Decrease in Short Interest

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 58,216 shares, a decrease of 56.0% from the June 30th total of 132,324 shares. Based on an average trading volume of 606,705 shares, the days-to-cover ratio is presently 0.1 days. Approximately 7.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. grew its holdings in shares of GraniteShares 1.25X Long TSLA Daily ETF by 22.4% during the first quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock worth $229,000 after purchasing an additional 2,892 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of GraniteShares 1.25X Long TSLA Daily ETF by 67.2% in the third quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock valued at $495,000 after buying an additional 10,597 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in GraniteShares 1.25X Long TSLA Daily ETF during the 2nd quarter worth about $155,000. Institutional investors and hedge funds own 51.48% of the company’s stock.

GraniteShares 1.25X Long TSLA Daily ETF Stock Down 3.6%

NASDAQ:TSL opened at $10.76 on Thursday. The firm has a market cap of $7.85 million, a PE ratio of 7.52 and a beta of 1.89. GraniteShares 1.25X Long TSLA Daily ETF has a 12 month low of $10.73 and a 12 month high of $21.31. The company’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $15.87.

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.