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 significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 92,949 shares, an increase of 93.7% from the May 31st total of 47,984 shares. Based on an average daily volume of 858,246 shares, the short-interest ratio is presently 0.1 days. Currently, 13.1% of the shares of the company are sold short.

Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSL. Susquehanna International Group LLP raised its position in shares of GraniteShares 1.25X Long TSLA Daily ETF by 67.2% in 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 during the period. Optiver Holding B.V. boosted its holdings 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 buying an additional 2,892 shares during the period. Finally, Jane Street Group LLC purchased a new position in GraniteShares 1.25X Long TSLA Daily ETF in the 2nd quarter valued at approximately $155,000. Institutional investors own 51.48% of the company’s stock.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

Shares of TSL traded down $1.60 during mid-day trading on Thursday, hitting $15.33. The stock had a trading volume of 796,846 shares, compared to its average volume of 1,112,705. GraniteShares 1.25X Long TSLA Daily ETF has a 52 week low of $11.11 and a 52 week high of $21.31. The business has a fifty day moving average price of $16.14 and a 200-day moving average price of $16.60. The firm has a market cap of $11.34 million, a P/E ratio of 10.72 and a beta of 1.89.

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.