GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Shares Up 5.1% – Here’s What Happened

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL)’s share price rose 5.1% on Tuesday . The stock traded as high as $13.97 and last traded at $13.89. 643,407 shares were traded during mid-day trading, a decline of 33% from the average session volume of 955,114 shares. The stock had previously closed at $13.22.

GraniteShares 1.25X Long TSLA Daily ETF Trading Down 1.5%

The company has a market cap of $10.39 million, a price-to-earnings ratio of 9.56 and a beta of 1.98. The business has a fifty day moving average of $13.39 and a two-hundred day moving average of $14.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in GraniteShares 1.25X Long TSLA Daily ETF in the 2nd quarter worth $155,000. Optiver Holding B.V. lifted its holdings in GraniteShares 1.25X Long TSLA Daily ETF by 22.4% during the first quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock valued at $229,000 after purchasing an additional 2,892 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in GraniteShares 1.25X Long TSLA Daily ETF by 67.2% during the third quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock valued at $495,000 after purchasing an additional 10,597 shares in the last quarter. Hedge funds and other institutional investors own 51.48% of the company’s stock.

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.