GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Shares Shorted: Short Interest Down 80.5% in October

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 5,612 shares, a decline of 80.5% from the October 15th total of 28,774 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 208,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 1.25X Long TSLA Daily ETF stock. StoneX Group Inc. purchased a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,998 shares of the company’s stock, valued at approximately $213,000. StoneX Group Inc. owned approximately 2.03% of GraniteShares 1.25X Long TSLA Daily ETF at the end of the most recent quarter. 51.48% of the stock is currently owned by institutional investors and hedge funds.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

Shares of TSL opened at $14.74 on Friday. The stock has a 50 day moving average price of $14.13 and a two-hundred day moving average price of $14.89. The firm has a market capitalization of $10.76 million, a P/E ratio of 10.41 and a beta of 1.93. GraniteShares 1.25X Long TSLA Daily ETF has a 52 week low of $10.73 and a 52 week high of $21.31.

About GraniteShares 1.25X Long TSLA Daily ETF

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.