GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Sees Large Increase in Short Interest

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 209,600 shares, a growth of 29.1% from the October 15th total of 162,300 shares. Based on an average daily volume of 898,700 shares, the days-to-cover ratio is currently 0.2 days.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

TSLR opened at $28.91 on Friday. GraniteShares 2x Long TSLA Daily ETF has a 1-year low of $7.45 and a 1-year high of $36.32. The company’s fifty day moving average price is $19.47 and its two-hundred day moving average price is $16.24.

Institutional Investors Weigh In On GraniteShares 2x Long TSLA Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long TSLA Daily ETF stock. Jane Street Group LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,233 shares of the company’s stock, valued at approximately $537,000. Jane Street Group LLC owned about 0.80% of GraniteShares 2x Long TSLA Daily ETF as of its most recent SEC filing.

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.