ProShares Ultra TSLA (NYSEARCA:TSLI – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 6,112 shares, a decrease of 80.7% from the May 31st total of 31,615 shares. Based on an average trading volume of 14,877 shares, the days-to-cover ratio is currently 0.4 days. Approximately 6.8% of the shares of the stock are short sold.
ProShares Ultra TSLA Stock Performance
Shares of ProShares Ultra TSLA stock traded up $0.66 during midday trading on Friday, reaching $21.83. The company had a trading volume of 17,034 shares, compared to its average volume of 15,936. The stock has a fifty day simple moving average of $25.79 and a 200 day simple moving average of $28.93. ProShares Ultra TSLA has a 1-year low of $18.50 and a 1-year high of $46.11.
Institutional Investors Weigh In On ProShares Ultra TSLA
An institutional investor recently raised its position in ProShares Ultra TSLA stock. Optiver Holding B.V. lifted its position in ProShares Ultra TSLA (NYSEARCA:TSLI – Free Report) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,258 shares of the company’s stock after acquiring an additional 830 shares during the period. Optiver Holding B.V. owned approximately 10.29% of ProShares Ultra TSLA worth $209,000 at the end of the most recent quarter. 6.01% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Stories
- Five stocks we like better than ProShares Ultra TSLA
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Receive News & Ratings for ProShares Ultra TSLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra TSLA and related companies with MarketBeat.com's FREE daily email newsletter.
