Short Interest in ProShares Ultra TSLA (NYSEARCA:TSLI) Decreases By 77.7%

ProShares Ultra TSLA (NYSEARCA:TSLI) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 9,182 shares, a decrease of 77.7% from the July 30th total of 41,258 shares. Based on an average daily volume of 22,440 shares, the short-interest ratio is presently 0.4 days. Currently, 10.2% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Ultra TSLA

An institutional investor recently raised its position in ProShares Ultra TSLA stock. Optiver Holding B.V. boosted its holdings in ProShares Ultra TSLA (NYSEARCA:TSLI) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,258 shares of the company’s stock after buying 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 reporting period. 6.01% of the stock is currently owned by institutional investors.

ProShares Ultra TSLA Trading Up 4.9%

ProShares Ultra TSLA stock traded up $0.81 during midday trading on Thursday, reaching $17.36. 7,208 shares of the company’s stock were exchanged, compared to its average volume of 17,884. ProShares Ultra TSLA has a 52 week low of $12.50 and a 52 week high of $46.11. The stock’s 50-day simple moving average is $19.23 and its 200 day simple moving average is $23.59.

About ProShares Ultra TSLA

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.