GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Update

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 47,984 shares, a drop of 37.8% from the May 14th total of 77,110 shares. Based on an average daily trading volume, of 773,677 shares, the short-interest ratio is presently 0.1 days. Currently, 6.8% of the company’s stock are sold short.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

Institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. boosted its stake 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 worth $229,000 after purchasing an additional 2,892 shares in the last quarter. Jane Street Group LLC acquired a new stake in GraniteShares 1.25X Long TSLA Daily ETF in the 2nd quarter worth approximately $155,000. Finally, Susquehanna International Group LLP boosted its stake in GraniteShares 1.25X Long TSLA Daily ETF by 67.2% in 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. 51.48% of the stock is currently owned by institutional investors and hedge funds.

GraniteShares 1.25X Long TSLA Daily ETF Stock Down 2.0%

TSL stock opened at $15.96 on Wednesday. The firm has a 50 day moving average of $15.84 and a 200 day moving average of $16.81. The stock has a market capitalization of $11.33 million, a PE ratio of 11.16 and a beta of 1.88. GraniteShares 1.25X Long TSLA Daily ETF has a 52 week low of $11.11 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.