Short Interest in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Drops By 36.4%

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,032,174 shares, a drop of 36.4% from the February 26th total of 1,623,060 shares. Based on an average daily volume of 1,722,020 shares, the short-interest ratio is currently 0.6 days. Currently, 13.2% of the shares of the stock are short sold.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

A number of institutional investors and hedge funds have recently made changes to their positions in TSLR. Hollencrest Capital Management lifted its holdings in shares of GraniteShares 2x Long TSLA Daily ETF by 40.0% during the 2nd quarter. Hollencrest Capital Management now owns 3,500 shares of the company’s stock worth $66,000 after acquiring an additional 1,000 shares during the period. Woodward Diversified Capital LLC bought a new position in GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at approximately $211,000. Jump Financial LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF during the second quarter valued at approximately $223,000. TRUE Private Wealth Advisors acquired a new position in GraniteShares 2x Long TSLA Daily ETF during the third quarter valued at approximately $250,000. Finally, Genesis Financial Group LLC bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the fourth quarter worth $256,000.

GraniteShares 2x Long TSLA Daily ETF Stock Down 7.1%

TSLR opened at $20.81 on Friday. GraniteShares 2x Long TSLA Daily ETF has a twelve month low of $9.97 and a twelve month high of $39.54. The company has a 50-day simple moving average of $25.82 and a 200 day simple moving average of $29.61.

About GraniteShares 2x Long TSLA Daily ETF

The GraniteShares 2x Long TSLA Daily ETF (TSLR) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLR was launched on Aug 21, 2023 and is issued by GraniteShares.