GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Down 56.0% in July

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSLGet Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 58,216 shares, a decline of 56.0% from the June 30th total of 132,324 shares. Currently, 7.4% of the shares of the company are sold short. Based on an average daily volume of 606,705 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

GraniteShares 1.25X Long TSLA Daily ETF stock opened at $11.06 on Tuesday. GraniteShares 1.25X Long TSLA Daily ETF has a 1 year low of $10.98 and a 1 year high of $21.31. The stock has a market capitalization of $8.07 million, a P/E ratio of 7.73 and a beta of 1.89. The company’s fifty day moving average price is $15.65 and its 200 day moving average price is $15.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF during the second quarter valued at approximately $155,000. Susquehanna International Group LLP boosted its position in 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 during the period. Finally, Optiver Holding B.V. boosted its position in GraniteShares 1.25X Long TSLA Daily ETF by 22.4% during the first quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock worth $229,000 after purchasing an additional 2,892 shares during the period. 51.48% of the stock is currently owned by hedge funds and other institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Company Profile

(Get Free Report)

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.

Further Reading

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