GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 60,738 shares, a decline of 34.6% from the August 15th total of 92,881 shares. Based on an average trading volume of 448,663 shares, the short-interest ratio is presently 0.1 days. Currently, 8.0% of the company’s shares are short sold.
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. Optiver Holding B.V. lifted its position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 22.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,774 shares of the company’s stock after buying an additional 2,892 shares during the period. Optiver Holding B.V. owned approximately 2.22% of GraniteShares 1.25X Long TSLA Daily ETF worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 51.48% of the company’s stock.
GraniteShares 1.25X Long TSLA Daily ETF Price Performance
Shares of TSL traded up $0.48 during mid-day trading on Thursday, reaching $13.88. The stock had a trading volume of 225,290 shares, compared to its average volume of 934,413. GraniteShares 1.25X Long TSLA Daily ETF has a 52-week low of $10.73 and a 52-week high of $21.31. The business’s fifty day moving average is $13.17 and its 200 day moving average is $14.78. The firm has a market cap of $13.87 million, a price-to-earnings ratio of 9.73 and a beta of 1.98.
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.
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