GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 47,984 shares, a drop of 37.8% from the May 14th total of 77,110 shares. Approximately 6.8% of the company’s stock are sold short. Based on an average trading volume of 773,677 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
Several large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP increased its position in shares of GraniteShares 1.25X Long TSLA Daily ETF by 67.2% during the third 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 in the last quarter. Optiver Holding B.V. boosted its position in shares of 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 period. Finally, Jane Street Group LLC purchased a new position in GraniteShares 1.25X Long TSLA Daily ETF during the 2nd quarter worth approximately $155,000. Institutional investors and hedge funds own 51.48% of the company’s stock.
GraniteShares 1.25X Long TSLA Daily ETF Stock Down 1.6%
Shares of NASDAQ:TSL opened at $16.03 on Tuesday. The firm’s 50 day moving average price is $15.80 and its 200 day moving average price is $16.82. The stock has a market cap of $11.38 million, a price-to-earnings ratio of 11.21 and a beta of 1.88. 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.
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.
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