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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 10,300 shares, a growth of 68.9% from the December 15th total of 6,100 shares. Based on an average trading volume of 415,700 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC lifted its stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,904 shares of the company’s stock after buying an additional 2,299 shares during the quarter. Jane Street Group LLC owned about 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 51.48% of the company’s stock.

GraniteShares 1.25X Long TSLA Daily ETF Trading Down 4.1 %

Shares of NASDAQ TSL opened at $18.58 on Friday. The company has a market cap of $19.32 million, a price-to-earnings ratio of 12.99 and a beta of -4.33. The stock has a 50-day moving average price of $17.31 and a two-hundred day moving average price of $12.16. GraniteShares 1.25X Long TSLA Daily ETF has a 12 month low of $5.13 and a 12 month high of $23.03.

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.