Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Grows By 93.7%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 92,949 shares, an increase of 93.7% from the May 31st total of 47,984 shares. Approximately 13.1% of the shares of the stock are short sold. Based on an average daily volume of 858,246 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP raised its position in shares of GraniteShares 1.25X Long TSLA Daily ETF by 67.2% during the 3rd quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock worth $495,000 after purchasing an additional 10,597 shares during the last quarter. Jane Street Group LLC acquired a new position in GraniteShares 1.25X Long TSLA Daily ETF in the 2nd quarter valued at about $155,000. Finally, Optiver Holding B.V. raised its stake in GraniteShares 1.25X Long TSLA Daily ETF by 22.4% in the 1st quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock valued at $229,000 after purchasing an additional 2,892 shares during the last quarter. 51.48% of the stock is currently owned by institutional investors and hedge funds.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

NASDAQ TSL traded up $0.24 during trading hours on Wednesday, reaching $16.94. The company’s stock had a trading volume of 382,168 shares, compared to its average volume of 1,109,654. The company’s 50-day moving average is $16.11 and its two-hundred day moving average is $16.61. GraniteShares 1.25X Long TSLA Daily ETF has a fifty-two week low of $11.11 and a fifty-two week high of $21.31. The stock has a market cap of $12.03 million, a PE ratio of 11.85 and a beta of 1.88.

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.