Short Interest in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Declines By 67.7%

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 586,327 shares, a decrease of 67.7% from the December 15th total of 1,816,490 shares. Based on an average daily volume of 1,320,160 shares, the days-to-cover ratio is presently 0.4 days. Approximately 7.4% of the shares of the stock are short sold. Approximately 7.4% of the shares of the stock are short sold. Based on an average daily volume of 1,320,160 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of institutional investors have recently made changes to their positions in the stock. TRUE Private Wealth Advisors purchased a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the third quarter worth $250,000. Wolverine Trading LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth about $408,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth about $500,000. Hollencrest Capital Management boosted its holdings in GraniteShares 2x Long TSLA Daily ETF by 71.4% during the 3rd quarter. Hollencrest Capital Management now owns 6,000 shares of the company’s stock valued at $204,000 after acquiring an additional 2,500 shares during the period. Finally, Jump Financial LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF in the 2nd quarter valued at about $223,000.

GraniteShares 2x Long TSLA Daily ETF Stock Up 1.7%

Shares of TSLR stock opened at $31.67 on Tuesday. The firm’s 50-day moving average is $31.78 and its two-hundred day moving average is $27.12. GraniteShares 2x Long TSLA Daily ETF has a 12 month low of $9.97 and a 12 month high of $49.80.

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.