GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Update

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 34,900 shares, an increase of 23.8% from the February 13th total of 28,200 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 337,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 1.25X Long TSLA Daily ETF stock. Optiver Holding B.V. purchased a new position in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 167,785 shares of the company’s stock, valued at approximately $3,032,000. Optiver Holding B.V. owned approximately 15.39% of GraniteShares 1.25X Long TSLA Daily ETF as of its most recent SEC filing. 51.48% of the stock is currently owned by institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

TSL opened at $9.12 on Tuesday. GraniteShares 1.25X Long TSLA Daily ETF has a fifty-two week low of $5.13 and a fifty-two week high of $23.03. The firm’s fifty day moving average is $14.96 and its 200 day moving average is $13.75. The stock has a market cap of $9.94 million, a price-to-earnings ratio of 6.38 and a beta of -4.33.

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.