GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 6,100 shares, a drop of 45.0% from the November 30th total of 11,100 shares. Based on an average daily trading volume, of 409,000 shares, the short-interest ratio is currently 0.0 days.
GraniteShares 1.25X Long TSLA Daily ETF Price Performance
Shares of NASDAQ TSL traded down $1.32 during mid-day trading on Friday, reaching $19.67. 342,047 shares of the company traded hands, compared to its average volume of 354,129. GraniteShares 1.25X Long TSLA Daily ETF has a fifty-two week low of $5.13 and a fifty-two week high of $23.03. The firm has a market cap of $22.42 million, a PE ratio of 13.76 and a beta of -4.33. The stock has a fifty day simple moving average of $15.15 and a 200-day simple moving average of $11.11.
Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC lifted its holdings in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,904 shares of the company’s stock after purchasing an additional 2,299 shares during the period. Jane Street Group LLC owned about 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 at the end of the most recent reporting period. Hedge funds and other 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.
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