GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 240,394 shares, a growth of 297.1% from the April 15th total of 60,536 shares. Based on an average trading volume of 1,417,791 shares, the days-to-cover ratio is presently 0.2 days. Currently, 33.9% of the company’s shares are short sold.
Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
An institutional investor recently bought a new position in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC bought a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,301 shares of the company’s stock, valued at approximately $155,000. Jane Street Group LLC owned 1.05% of GraniteShares 1.25X Long TSLA Daily ETF at the end of the most recent reporting period. Institutional investors own 51.48% of the company’s stock.
GraniteShares 1.25X Long TSLA Daily ETF Stock Performance
Shares of TSL traded up $0.60 during mid-day trading on Wednesday, reaching $18.10. 1,324,215 shares of the company were exchanged, compared to its average volume of 1,217,266. The business has a 50 day simple moving average of $15.15 and a two-hundred day simple moving average of $17.03. GraniteShares 1.25X Long TSLA Daily ETF has a 52 week low of $10.47 and a 52 week high of $21.31. The stock has a market capitalization of $12.85 million, a PE ratio of 12.66 and a beta of 1.84.
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.
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