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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 175,300 shares, a growth of 1,601.9% from the September 30th total of 10,300 shares. Based on an average daily volume of 382,800 shares, the short-interest ratio is currently 0.5 days.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 3.6 %

Shares of GraniteShares 1.25X Long TSLA Daily ETF stock traded up $0.38 on Friday, hitting $11.07. The stock had a trading volume of 531,202 shares, compared to its average volume of 326,672. GraniteShares 1.25X Long TSLA Daily ETF has a 52-week low of $5.13 and a 52-week high of $18.43. The stock has a market cap of $10.96 million, a price-to-earnings ratio of 7.48 and a beta of -4.33. The company’s 50 day moving average price is $9.22 and its 200 day moving average price is $8.24.

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.