ProShares Ultra TSLA (NYSEARCA:TSLI) Stock Short Interest Rises 363.7%

ProShares Ultra TSLA (NYSEARCA:TSLI) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 18,282 shares, a growth of 363.7% from the August 31st total of 3,943 shares. Currently, 20.3% of the shares of the company are sold short. Based on an average trading volume of 22,531 shares, the days-to-cover ratio is currently 0.8 days.

ProShares Ultra TSLA Stock Down 3.4%

TSLI stock traded down $0.65 during mid-day trading on Friday, reaching $18.51. 17,903 shares of the stock traded hands, compared to its average volume of 18,039. ProShares Ultra TSLA has a 52 week low of $12.50 and a 52 week high of $46.11. The business has a 50-day moving average of $16.79 and a two-hundred day moving average of $21.99.

Institutional Trading of ProShares Ultra TSLA

A hedge fund recently raised its stake in ProShares Ultra TSLA stock. Optiver Holding B.V. raised its holdings in ProShares Ultra TSLA (NYSEARCA:TSLI) by 9.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,258 shares of the company’s stock after buying an additional 830 shares during the quarter. Optiver Holding B.V. owned 10.29% of ProShares Ultra TSLA worth $209,000 at the end of the most recent quarter. Institutional investors own 6.01% of the company’s stock.

ProShares Ultra TSLA Company Profile

The GraniteShares 1x Short TSLA Daily ETF (TSLI) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLI was launched on Aug 9, 2022 and is managed by GraniteShares.