GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Shares Cross Below 200 Day Moving Average – Should You Sell?

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $15.01 and traded as low as $14.16. GraniteShares 1.25X Long TSLA Daily ETF shares last traded at $14.59, with a volume of 242,475 shares traded.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

The business has a 50 day moving average of $14.04 and a 200 day moving average of $15.01. The firm has a market capitalization of $11.53 million, a price-to-earnings ratio of 10.20 and a beta of 1.93.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Optiver Holding B.V. lifted its stake in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 22.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,774 shares of the company’s stock after acquiring an additional 2,892 shares during the quarter. Optiver Holding B.V. owned approximately 2.22% of GraniteShares 1.25X Long TSLA Daily ETF worth $229,000 as of its most recent SEC filing. 51.48% of the stock is owned by hedge funds and other institutional investors.

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.