GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Update

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 6,100 shares, a decrease of 45.0% from the November 30th total of 11,100 shares. Based on an average daily trading volume, of 409,000 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds 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 lifted its position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,904 shares of the company’s stock after buying an additional 2,299 shares during the quarter. Jane Street Group LLC owned approximately 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 at the end of the most recent quarter. 51.48% of the stock is currently owned by institutional investors and hedge funds.

GraniteShares 1.25X Long TSLA Daily ETF Trading Down 6.3 %

GraniteShares 1.25X Long TSLA Daily ETF stock traded down $1.32 during mid-day trading on Friday, hitting $19.67. The stock had a trading volume of 342,047 shares, compared to its average volume of 354,129. GraniteShares 1.25X Long TSLA Daily ETF has a one year low of $5.13 and a one year high of $23.03. The firm’s 50 day moving average is $15.15 and its 200 day moving average is $11.14. The firm has a market capitalization of $22.42 million, a P/E ratio of 13.76 and a beta of -4.33.

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.