GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Sees Significant Increase in Short Interest

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,623,060 shares, an increase of 50.2% from the February 12th total of 1,080,699 shares. Currently, 20.8% of the shares of the stock are sold short. Based on an average trading volume of 1,396,603 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 1,396,603 shares, the short-interest ratio is presently 1.2 days. Currently, 20.8% of the shares of the stock are sold short.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

Shares of GraniteShares 2x Long TSLA Daily ETF stock opened at $23.17 on Friday. GraniteShares 2x Long TSLA Daily ETF has a twelve month low of $9.97 and a twelve month high of $39.54. The business has a 50-day moving average price of $27.32 and a 200 day moving average price of $29.50.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

Several institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management raised its stake in shares of GraniteShares 2x Long TSLA Daily ETF by 40.0% during the 2nd quarter. Hollencrest Capital Management now owns 3,500 shares of the company’s stock worth $66,000 after buying an additional 1,000 shares during the period. Woodward Diversified Capital LLC acquired a new stake in GraniteShares 2x Long TSLA Daily ETF in the 4th quarter valued at $211,000. TRUE Private Wealth Advisors purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter worth $250,000. Genesis Financial Group LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the 4th quarter worth $256,000. Finally, Simplex Trading LLC raised its position in GraniteShares 2x Long TSLA Daily ETF by 41.6% during the fourth quarter. Simplex Trading LLC now owns 27,752 shares of the company’s stock worth $889,000 after acquiring an additional 8,152 shares during the period.

About GraniteShares 2x Long TSLA Daily ETF

The GraniteShares 2x Long TSLA Daily ETF (TSLR) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLR was launched on Aug 21, 2023 and is issued by GraniteShares.