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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 131,144 shares, a growth of 125.3% from the July 15th total of 58,216 shares. Approximately 17.3% of the shares of the company are sold short. Based on an average daily volume of 573,220 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

A number of institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in GraniteShares 1.25X Long TSLA Daily ETF during the second quarter worth about $155,000. Optiver Holding B.V. boosted its holdings in GraniteShares 1.25X Long TSLA Daily ETF by 22.4% in the 1st quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock valued at $229,000 after purchasing an additional 2,892 shares during the period. Finally, Susquehanna International Group LLP grew its position in shares of GraniteShares 1.25X Long TSLA Daily ETF by 67.2% during the 3rd quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock worth $495,000 after purchasing an additional 10,597 shares in the last quarter. Institutional investors own 51.48% of the company’s stock.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

Shares of NASDAQ TSL opened at $12.76 on Friday. The firm has a market cap of $9.70 million, a price-to-earnings ratio of 8.92 and a beta of 1.95. The stock’s fifty day moving average price is $14.25 and its two-hundred day moving average price is $15.37. GraniteShares 1.25X Long TSLA Daily ETF has a one year low of $10.73 and a one year 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.