GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Trading Down 1.5% – What’s Next?

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL)’s stock price fell 1.5% during trading on Wednesday . The company traded as low as $14.31 and last traded at $14.39. Approximately 351,752 shares traded hands during trading, a decline of 67% from the average daily volume of 1,053,977 shares. The stock had previously closed at $14.61.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

The firm has a market capitalization of $9.03 million, a price-to-earnings ratio of 7.99 and a beta of 1.89. The stock has a fifty day moving average of $15.86 and a two-hundred day moving average of $16.07.

Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

Several institutional investors and hedge funds have recently made changes to their positions in TSL. Jane Street Group LLC bought a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF during the second quarter worth about $155,000. Susquehanna International Group LLP boosted its holdings in GraniteShares 1.25X Long TSLA Daily ETF by 67.2% in the third quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock valued at $495,000 after acquiring an additional 10,597 shares during the last quarter. Finally, Optiver Holding B.V. increased its position in GraniteShares 1.25X Long TSLA Daily ETF by 22.4% during 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. Institutional investors and hedge funds 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.