GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Sees Large Growth in Short Interest

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLRGet Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 501,900 shares, an increase of 137.9% from the March 15th total of 211,000 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average daily volume of 3,107,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the 4th quarter worth about $25,000. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth approximately $65,000. Simplify Asset Management Inc. bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth approximately $818,000. Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the third quarter worth approximately $537,000. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of GraniteShares 2x Long TSLA Daily ETF by 57.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 35,006 shares of the company’s stock valued at $1,514,000 after purchasing an additional 12,791 shares in the last quarter.

GraniteShares 2x Long TSLA Daily ETF Price Performance

NASDAQ TSLR opened at $13.38 on Tuesday. The company has a fifty day simple moving average of $19.56 and a 200 day simple moving average of $29.06. GraniteShares 2x Long TSLA Daily ETF has a 12-month low of $7.45 and a 12-month high of $64.75.

GraniteShares 2x Long TSLA Daily ETF Company Profile

(Get Free Report)

The GraniteShares 2x Long TSLA Daily ETF (TSLR) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLR was launched on Aug 21, 2023 and is issued by GraniteShares.

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