GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Update

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 77,110 shares, a decrease of 67.9% from the April 30th total of 240,394 shares. Approximately 10.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,275,618 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC acquired a new stake in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,301 shares of the company’s stock, valued at approximately $155,000. Jane Street Group LLC owned 1.05% of GraniteShares 1.25X Long TSLA Daily ETF at the end of the most recent reporting period. 51.48% of the stock is owned by institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Stock Down 1.8%

NASDAQ TSL traded down $0.33 on Friday, reaching $17.57. The company had a trading volume of 581,856 shares, compared to its average volume of 1,169,228. The stock has a market capitalization of $12.47 million, a P/E ratio of 12.29 and a beta of 1.84. The company’s fifty day moving average is $15.48 and its 200 day moving average is $16.89. GraniteShares 1.25X Long TSLA Daily ETF has a 52-week low of $10.47 and a 52-week high of $21.31.

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.