GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 77,110 shares, a decline of 67.9% from the April 30th total of 240,394 shares. Based on an average daily trading volume, of 1,275,618 shares, the short-interest ratio is presently 0.1 days. Approximately 10.9% of the company’s stock are short sold.
GraniteShares 1.25X Long TSLA Daily ETF Price Performance
Shares of TSL opened at $17.57 on Monday. The company has a market capitalization of $12.47 million, a PE ratio of 12.29 and a beta of 1.84. The company’s fifty day moving average price is $15.48 and its 200 day moving average price is $16.88. GraniteShares 1.25X Long TSLA Daily ETF has a one year low of $10.47 and a one year high of $21.31.
Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Susquehanna International Group LLP raised its stake in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 67.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,371 shares of the company’s stock after acquiring an additional 10,597 shares during the quarter. Susquehanna International Group LLP owned about 1.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $495,000 as of its most recent filing with the Securities and Exchange Commission. 51.48% of the stock is currently owned by institutional investors and hedge funds.
GraniteShares 1.25X Long TSLA Daily ETF Company Profile
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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