GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 58,216 shares, a drop of 56.0% from the June 30th total of 132,324 shares. Currently, 7.4% of the shares of the company are sold short. Based on an average daily volume of 606,705 shares, the days-to-cover ratio is presently 0.1 days.
GraniteShares 1.25X Long TSLA Daily ETF Stock Down 1.8%
Shares of NASDAQ:TSL opened at $11.06 on Tuesday. The company has a market cap of $8.07 million, a price-to-earnings ratio of 7.73 and a beta of 1.89. The business has a 50 day moving average price of $15.65 and a 200 day moving average price of $15.97. GraniteShares 1.25X Long TSLA Daily ETF has a twelve month low of $10.98 and a twelve month high of $21.31.
Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
A number of institutional investors and hedge funds have recently bought and sold shares of TSL. Jane Street Group LLC acquired a new stake in GraniteShares 1.25X Long TSLA Daily ETF during the second quarter worth about $155,000. Optiver Holding B.V. boosted its position in GraniteShares 1.25X Long TSLA Daily ETF by 22.4% in the first quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock valued at $229,000 after buying an additional 2,892 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of GraniteShares 1.25X Long TSLA Daily ETF by 67.2% during the third quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock worth $495,000 after purchasing an additional 10,597 shares during the last quarter. 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.
Further Reading
- Five stocks we like better than GraniteShares 1.25X Long TSLA Daily ETF
- 3 Stocks Standing Out and 2 Losing Momentum as the Tech Rally Cracks
- 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest?
- Middleby Is Betting a Leaner Business Can Unlock More Value
- 3 Value ETFs to Consider as Growth Stocks Lag Behind
Receive News & Ratings for GraniteShares 1.25X Long TSLA Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 1.25X Long TSLA Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
