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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 77,110 shares, a decrease of 67.9% from the April 30th total of 240,394 shares. Currently, 10.9% of the company’s stock are sold short. Based on an average daily volume of 1,275,618 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 1.25X Long TSLA Daily ETF Trading Down 1.8%

Shares of TSL stock traded down $0.33 during trading hours on Friday, reaching $17.57. 581,856 shares of the company’s stock were exchanged, compared to its average volume of 1,169,228. The stock’s 50 day moving average is $15.48 and its 200-day moving average is $16.89. The company has a market cap of $12.47 million, a price-to-earnings ratio of 12.29 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.

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. Susquehanna International Group LLP lifted its position in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 67.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,371 shares of the company’s stock after acquiring an additional 10,597 shares during the period. Susquehanna International Group LLP owned 1.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 51.48% of the company’s stock.

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.