GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Short Interest Down 67.7% in December

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 586,327 shares, a decrease of 67.7% from the December 15th total of 1,816,490 shares. Currently, 7.4% of the shares of the stock are sold short. Based on an average trading volume of 1,320,160 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 1,320,160 shares, the short-interest ratio is presently 0.4 days. Currently, 7.4% of the shares of the stock are sold short.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hollencrest Capital Management raised its holdings in shares of GraniteShares 2x Long TSLA Daily ETF by 40.0% during the second quarter. Hollencrest Capital Management now owns 3,500 shares of the company’s stock valued at $66,000 after acquiring an additional 1,000 shares during the period. Chung Wu Investment Group LLC purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the second quarter valued at $151,000. Woodward Diversified Capital LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF during the fourth quarter valued at $211,000. Jump Financial LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the 2nd quarter worth about $223,000. Finally, TRUE Private Wealth Advisors acquired a new stake in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth about $250,000.

GraniteShares 2x Long TSLA Daily ETF Trading Down 3.6%

NASDAQ TSLR opened at $30.29 on Thursday. GraniteShares 2x Long TSLA Daily ETF has a 12 month low of $9.97 and a 12 month high of $49.80. The company’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $27.22.

GraniteShares 2x Long TSLA Daily ETF Company Profile

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.