Leverage Shares 2x Long TSLA Daily ETF (NASDAQ:TSLG) Sees Significant Drop in Short Interest

Leverage Shares 2x Long TSLA Daily ETF (NASDAQ:TSLG) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 851,532 shares, a drop of 44.2% from the July 30th total of 1,526,015 shares. Based on an average daily volume of 29,198,892 shares, the short-interest ratio is currently 0.0 days. Approximately 9.6% of the company’s shares are short sold.

Leverage Shares 2x Long TSLA Daily ETF Trading Down 5.6%

NASDAQ:TSLG traded down $0.28 during midday trading on Tuesday, reaching $4.69. 17,255,202 shares of the stock traded hands, compared to its average volume of 41,331,246. The company has a fifty day moving average of $5.00 and a 200 day moving average of $6.15. Leverage Shares 2x Long TSLA Daily ETF has a 12 month low of $3.32 and a 12 month high of $12.24.

About Leverage Shares 2x Long TSLA Daily ETF

The Leverage Shares 2X Long TSLA Daily ETF (TSLG) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund aims to provide 2x leveraged exposure to the daily price movement of Tesla stock, less fees, and expenses. TSLG was launched on Dec 13, 2024 and is issued by Leverage Shares.