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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 175,300 shares, an increase of 1,601.9% from the September 30th total of 10,300 shares. Based on an average daily trading volume, of 382,800 shares, the short-interest ratio is currently 0.5 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

Shares of NASDAQ TSL traded up $0.42 during mid-day trading on Friday, hitting $11.11. 727,887 shares of the stock were exchanged, compared to its average volume of 327,609. The company has a market cap of $11.00 million, a P/E ratio of 7.77 and a beta of -4.33. The stock’s fifty day simple moving average is $9.27 and its two-hundred day simple moving average is $8.28. GraniteShares 1.25X Long TSLA Daily ETF has a twelve month low of $5.13 and a twelve month high of $18.43.

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.