Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Declines By 56.5%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 117,300 shares, a decline of 56.5% from the September 15th total of 269,900 shares. Based on an average trading volume of 433,600 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 433,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC acquired a new stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,301 shares of the company’s stock, valued at approximately $155,000. Jane Street Group LLC owned about 1.05% of GraniteShares 1.25X Long TSLA Daily ETF as of its most recent SEC filing. 51.48% of the stock is currently owned by hedge funds and other institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

Shares of TSL opened at $18.41 on Monday. The stock has a market capitalization of $18.41 million, a PE ratio of 12.87 and a beta of -4.33. The business’s fifty day moving average price is $15.88 and its 200 day moving average price is $13.40. GraniteShares 1.25X Long TSLA Daily ETF has a 12-month low of $7.93 and a 12-month high of $23.03.

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.