GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 28,774 shares, a decline of 41.4% from the September 30th total of 49,065 shares. Based on an average daily trading volume, of 215,139 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.6% of the company’s shares are short sold.
GraniteShares 1.25X Long TSLA Daily ETF Trading Down 1.1%
Shares of TSL traded down $0.17 on Friday, reaching $15.28. 178,418 shares of the company’s stock were exchanged, compared to its average volume of 836,659. The stock has a market capitalization of $12.07 million, a P/E ratio of 10.69 and a beta of 1.99. The business has a 50 day moving average price of $13.93 and a two-hundred day moving average price of $15.06. GraniteShares 1.25X Long TSLA Daily ETF has a 12 month low of $10.73 and a 12 month high of $21.31.
Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF
A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Optiver Holding B.V. boosted its stake in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 22.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,774 shares of the company’s stock after purchasing an additional 2,892 shares during the quarter. Optiver Holding B.V. owned about 2.22% of GraniteShares 1.25X Long TSLA Daily ETF worth $229,000 as of its most recent SEC filing. 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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