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

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

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

Shares of TSL opened at $9.12 on Tuesday. The company has a 50 day moving average price of $14.96 and a 200-day moving average price of $13.75. 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 stock has a market capitalization of $9.94 million, a PE ratio of 6.38 and a beta of -4.33.

Institutional Investors 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. Jane Street Group LLC boosted its position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,904 shares of the company’s stock after acquiring an additional 2,299 shares during the period. Jane Street Group LLC owned 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 51.48% of the company’s stock.

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.