GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 92,949 shares, an increase of 93.7% from the May 31st total of 47,984 shares. Currently, 13.1% of the company’s shares are sold short. Based on an average daily volume of 858,246 shares, the days-to-cover ratio is currently 0.1 days.
GraniteShares 1.25X Long TSLA Daily ETF Stock Up 1.4%
Shares of NASDAQ TSL traded up $0.24 during trading on Wednesday, hitting $16.94. 382,168 shares of the company traded hands, compared to its average volume of 1,109,654. The firm has a market capitalization of $12.03 million, a P/E ratio of 11.85 and a beta of 1.88. The company has a 50-day moving average price of $16.11 and a 200-day moving average price of $16.61. GraniteShares 1.25X Long TSLA Daily ETF has a 1 year low of $11.11 and a 1 year high of $21.31.
Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
Institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP increased its stake in GraniteShares 1.25X Long TSLA Daily ETF by 67.2% during the third quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock worth $495,000 after acquiring an additional 10,597 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF in the 2nd quarter valued at about $155,000. Finally, Optiver Holding B.V. grew its holdings in shares of GraniteShares 1.25X Long TSLA Daily ETF by 22.4% during the 1st quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock worth $229,000 after purchasing an additional 2,892 shares during the period. Hedge funds and other institutional investors own 51.48% of the company’s stock.
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.
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