GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Up 297.1% in April

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 240,394 shares, an increase of 297.1% from the April 15th total of 60,536 shares. Based on an average daily volume of 1,417,791 shares, the days-to-cover ratio is currently 0.2 days. Approximately 33.9% of the company’s stock are sold short.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

TSL stock traded down $1.09 during mid-day trading on Friday, reaching $16.92. The company had a trading volume of 663,718 shares, compared to its average volume of 1,206,147. The firm has a fifty day simple moving average of $15.24 and a 200 day simple moving average of $17.03. The company has a market capitalization of $12.01 million, a price-to-earnings ratio of 11.83 and a beta of 1.84. GraniteShares 1.25X Long TSLA Daily ETF has a fifty-two week low of $10.47 and a fifty-two week high of $21.31.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

An institutional investor recently bought a new position in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC purchased a new position in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,301 shares of the company’s stock, valued at approximately $155,000. Jane Street Group LLC owned about 1.05% of GraniteShares 1.25X Long TSLA Daily ETF as of its most recent SEC filing. Institutional investors and hedge funds own 51.48% of the company’s stock.

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.