GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Short Interest Update

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 581,200 shares, an increase of 59.2% from the February 13th total of 365,100 shares. Based on an average daily volume of 1,872,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 11.2% of the shares of the stock are sold short.

GraniteShares 2x Long TSLA Daily ETF Price Performance

GraniteShares 2x Long TSLA Daily ETF stock opened at $14.55 on Friday. The business’s fifty day moving average is $32.33 and its two-hundred day moving average is $29.42. GraniteShares 2x Long TSLA Daily ETF has a 52 week low of $7.45 and a 52 week high of $64.75.

Hedge Funds Weigh In On GraniteShares 2x Long TSLA Daily ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Snowden Capital Advisors LLC boosted its stake in GraniteShares 2x Long TSLA Daily ETF by 57.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 35,006 shares of the company’s stock worth $1,514,000 after purchasing an additional 12,791 shares in the last quarter. NewEdge Advisors LLC boosted its stake in GraniteShares 2x Long TSLA Daily ETF by 474.3% in the fourth quarter. NewEdge Advisors LLC now owns 106,240 shares of the company’s stock worth $4,595,000 after purchasing an additional 87,740 shares in the last quarter. Simplify Asset Management Inc. acquired a new position in GraniteShares 2x Long TSLA Daily ETF in the fourth quarter worth $818,000. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the fourth quarter valued at $65,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the fourth quarter valued at $25,000.

About GraniteShares 2x Long TSLA Daily ETF

The GraniteShares 2x Long TSLA Daily ETF (TSLR) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLR was launched on Aug 21, 2023 and is issued by GraniteShares.