GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 131,144 shares, an increase of 125.3% from the July 15th total of 58,216 shares. Based on an average daily volume of 573,220 shares, the short-interest ratio is currently 0.2 days. Currently, 17.3% of the shares of the stock are sold short.
GraniteShares 1.25X Long TSLA Daily ETF Stock Performance
Shares of NASDAQ:TSL opened at $12.76 on Friday. The stock has a market capitalization of $9.70 million, a price-to-earnings ratio of 8.92 and a beta of 1.95. GraniteShares 1.25X Long TSLA Daily ETF has a 1-year low of $10.73 and a 1-year high of $21.31. The company has a 50 day moving average price of $14.25 and a 200 day moving average price of $15.37.
Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF in the 2nd quarter worth $155,000. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 1.25X Long TSLA Daily ETF by 22.4% during the first quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock valued at $229,000 after purchasing an additional 2,892 shares during the last quarter. Finally, Susquehanna International Group LLP lifted 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 valued at $495,000 after purchasing an additional 10,597 shares during the last quarter. Institutional investors and hedge funds own 51.48% of the company’s stock.
About GraniteShares 1.25X Long TSLA Daily ETF
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.
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