GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 60,738 shares, a decrease of 34.6% from the August 15th total of 92,881 shares. Based on an average trading volume of 448,663 shares, the short-interest ratio is presently 0.1 days. Approximately 8.0% of the shares of the stock are short sold.
GraniteShares 1.25X Long TSLA Daily ETF Trading Up 3.6%
TSL stock traded up $0.48 during mid-day trading on Thursday, reaching $13.88. The company’s stock had a trading volume of 225,290 shares, compared to its average volume of 934,413. The company’s 50 day moving average is $13.17 and its two-hundred day moving average is $14.78. GraniteShares 1.25X Long TSLA Daily ETF has a fifty-two week low of $10.73 and a fifty-two week high of $21.31. The stock has a market cap of $13.87 million, a PE ratio of 9.73 and a beta of 1.98.
Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF
An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Optiver Holding B.V. raised its stake in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 22.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,774 shares of the company’s stock after buying an additional 2,892 shares during the quarter. Optiver Holding B.V. owned approximately 2.22% of GraniteShares 1.25X Long TSLA Daily ETF worth $229,000 at the end of the most recent quarter. Institutional investors and hedge funds own 51.48% of the company’s stock.
About GraniteShares 1.25X Long TSLA Daily ETF
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.
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