ProShares Ultra TSLA (NYSEARCA:TSLI) Short Interest Up 186.8% in June

ProShares Ultra TSLA (NYSEARCA:TSLI) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 17,530 shares, a growth of 186.8% from the June 15th total of 6,112 shares. Based on an average daily trading volume, of 22,765 shares, the short-interest ratio is presently 0.8 days. Currently, 19.5% of the shares of the company are sold short.

Institutional Trading of ProShares Ultra TSLA

An institutional investor recently raised its stake in ProShares Ultra TSLA stock. Optiver Holding B.V. increased its stake in shares of ProShares Ultra TSLA (NYSEARCA:TSLI) by 9.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,258 shares of the company’s stock after purchasing an additional 830 shares during the period. Optiver Holding B.V. owned 10.29% of ProShares Ultra TSLA worth $209,000 as of its most recent SEC filing. 6.01% of the stock is currently owned by institutional investors.

ProShares Ultra TSLA Trading Down 6.4%

Shares of NYSEARCA:TSLI traded down $1.57 during trading on Monday, hitting $22.86. 28,272 shares of the company were exchanged, compared to its average volume of 16,694. The stock has a 50 day moving average of $26.00 and a 200 day moving average of $27.75. ProShares Ultra TSLA has a 52-week low of $18.50 and a 52-week high of $46.11.

ProShares Ultra TSLA Company Profile

The GraniteShares 1x Short TSLA Daily ETF (TSLI) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLI was launched on Aug 9, 2022 and is managed by GraniteShares.