Short Interest in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Rises By 123.2%

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,308,876 shares, an increase of 123.2% from the December 31st total of 586,327 shares. Based on an average daily volume of 1,352,310 shares, the days-to-cover ratio is presently 1.0 days. Approximately 17.4% of the shares of the company are short sold. Approximately 17.4% of the shares of the company are short sold. Based on an average daily volume of 1,352,310 shares, the days-to-cover ratio is presently 1.0 days.

GraniteShares 2x Long TSLA Daily ETF Stock Down 3.4%

TSLR stock traded down $0.97 during mid-day trading on Thursday, reaching $27.96. 2,876,192 shares of the company traded hands, compared to its average volume of 1,426,818. GraniteShares 2x Long TSLA Daily ETF has a 52-week low of $9.97 and a 52-week high of $45.17. The company has a fifty day moving average price of $31.76 and a 200-day moving average price of $28.07.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the 2nd quarter valued at about $151,000. Jump Financial LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the second quarter valued at approximately $223,000. Hollencrest Capital Management lifted its position in 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 purchasing an additional 1,000 shares during the last quarter. Group One Trading LLC purchased a new position in GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter worth approximately $500,000. Finally, Wolverine Trading LLC purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at $408,000.

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.