Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Declines By 37.8%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 47,984 shares, a decrease of 37.8% from the May 14th total of 77,110 shares. Approximately 6.8% of the shares of the stock are sold short. Based on an average daily volume of 773,677 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

Shares of GraniteShares 1.25X Long TSLA Daily ETF stock opened at $16.06 on Monday. The firm has a market capitalization of $11.40 million, a PE ratio of 11.23 and a beta of 1.88. The business’s 50-day moving average price is $15.76 and its 200-day moving average price is $16.83. GraniteShares 1.25X Long TSLA Daily ETF has a 12 month low of $11.11 and a 12 month high of $21.31.

Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

Several institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP increased its position in shares of GraniteShares 1.25X Long TSLA Daily ETF by 67.2% during the 3rd quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock valued at $495,000 after purchasing an additional 10,597 shares during the last quarter. Optiver Holding B.V. increased its position 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 valued at $229,000 after purchasing an additional 2,892 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF during the 2nd quarter valued at about $155,000. 51.48% of the stock is currently owned by institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Company Profile

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.