GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Sees Large Decline in Short Interest

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 24,100 shares, a decrease of 86.3% from the October 15th total of 175,300 shares. Based on an average daily volume of 400,500 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Up 4.0 %

TSL stock traded up $0.57 on Wednesday, reaching $14.72. 89,689 shares of the company’s stock were exchanged, compared to its average volume of 342,750. The stock has a fifty day moving average of $9.91 and a 200-day moving average of $8.71. GraniteShares 1.25X Long TSLA Daily ETF has a twelve month low of $5.13 and a twelve month high of $18.43. The firm has a market cap of $16.78 million, a PE ratio of 10.40 and a beta of -4.33.

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.