ProShares Ultra TSLA (NYSEARCA:TSLI – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 41,258 shares, a growth of 81.3% from the July 15th total of 22,754 shares. Based on an average daily trading volume, of 33,196 shares, the days-to-cover ratio is presently 1.2 days. Currently, 45.8% of the shares of the stock are sold short.
ProShares Ultra TSLA Stock Down 1.9%
NYSEARCA TSLI traded down $0.31 on Monday, hitting $16.05. 13,513 shares of the company were exchanged, compared to its average volume of 18,220. ProShares Ultra TSLA has a 1-year low of $12.50 and a 1-year high of $46.11. The firm has a 50 day moving average of $20.29 and a two-hundred day moving average of $24.28.
Hedge Funds Weigh In On ProShares Ultra TSLA
A hedge fund recently raised its stake in ProShares Ultra TSLA stock. Optiver Holding B.V. increased its stake in ProShares Ultra TSLA (NYSEARCA:TSLI – Free Report) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,258 shares of the company’s stock after purchasing an additional 830 shares during the period. Optiver Holding B.V. owned 10.29% of ProShares Ultra TSLA worth $209,000 as of its most recent SEC filing. 6.01% of the stock is currently owned by hedge funds and other institutional investors.
ProShares Ultra TSLA Company Profile
The GraniteShares 1x Short TSLA Daily ETF (TSLI) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLI was launched on Aug 9, 2022 and is managed by GraniteShares.
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