GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 9,500 shares, a growth of 63.8% from the April 30th total of 5,800 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 691,700 shares, the days-to-cover ratio is currently 0.0 days.
GraniteShares 1.25X Long TSLA Daily ETF Price Performance
Shares of NASDAQ:TSL traded down $0.43 during trading on Friday, hitting $14.37. 251,453 shares of the company were exchanged, compared to its average volume of 500,272. The stock has a market capitalization of $20.41 million, a P/E ratio of 10.05 and a beta of 1.70. GraniteShares 1.25X Long TSLA Daily ETF has a 12-month low of $6.37 and a 12-month high of $23.03. The firm’s 50 day moving average price is $11.33 and its 200-day moving average price is $14.15.
Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC grew its holdings in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 10.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 33,111 shares of the company’s stock after buying an additional 3,207 shares during the period. Jane Street Group LLC owned 3.04% of GraniteShares 1.25X Long TSLA Daily ETF worth $598,000 at the end of the most recent reporting period. 51.48% of the stock is currently owned by institutional investors and hedge funds.
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.
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