Short Interest in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Decreases By 30.8%

Posted by Joseph Casey on Dec 29th, 2024

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR – Get Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 430,100 shares, a drop of 30.8% from the November 30th total of 621,500 shares. Based on an average daily volume of 1,352,300 shares, the days-to-cover ratio is presently 0.3 days.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

TSLR stock traded down $5.42 during midday trading on Friday, hitting $49.54. 1,009,448 shares of the company’s stock were exchanged, compared to its average volume of 758,228. GraniteShares 2x Long TSLA Daily ETF has a one year low of $7.45 and a one year high of $64.75. The stock’s fifty day moving average price is $34.63 and its 200-day moving average price is $22.85.

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

An institutional investor recently bought a new position in GraniteShares 2x Long TSLA Daily ETF stock. Garden State Investment Advisory Services LLC acquired a new stake in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 70,254 shares of the company’s stock, valued at approximately $980,000. Garden State Investment Advisory Services LLC owned 3.00% of GraniteShares 2x Long TSLA Daily ETF as of its most recent filing with the SEC.

About GraniteShares 2x Long TSLA Daily ETF

(Get Free Report)

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.