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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 707,300 shares, a growth of 37,126.3% from the March 31st total of 1,900 shares. Based on an average daily trading volume, of 182,500 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Wealth Effects LLC boosted its holdings in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,076 shares of the company’s stock after acquiring an additional 3,276 shares during the quarter. Wealth Effects LLC owned 8.25% of GraniteShares 1.25X Long TSLA Daily ETF worth $463,000 at the end of the most recent quarter. Institutional investors own 51.48% of the company’s stock.

GraniteShares 1.25X Long TSLA Daily ETF Stock Down 1.5 %

GraniteShares 1.25X Long TSLA Daily ETF stock opened at $6.50 on Friday. The company has a market capitalization of $5.33 million, a P/E ratio of 4.55 and a beta of -4.33. The stock’s 50 day moving average is $6.93 and its 200 day moving average is $11.16. GraniteShares 1.25X Long TSLA Daily ETF has a twelve month low of $5.13 and a twelve month high of $23.06.

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.