GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 28,774 shares, a drop of 41.4% from the September 30th total of 49,065 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average trading volume of 215,139 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Optiver Holding B.V. boosted its holdings in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 22.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,774 shares of the company’s stock after purchasing an additional 2,892 shares during the period. Optiver Holding B.V. owned about 2.22% of GraniteShares 1.25X Long TSLA Daily ETF worth $229,000 at the end of the most recent reporting period. 51.48% of the stock is owned by institutional investors and hedge funds.
GraniteShares 1.25X Long TSLA Daily ETF Stock Down 1.0%
Shares of NASDAQ:TSL traded down $0.16 during midday trading on Tuesday, hitting $15.31. 25,459 shares of the stock traded hands, compared to its average volume of 829,906. The stock has a market capitalization of $12.09 million, a PE ratio of 10.75 and a beta of 1.99. The business’s 50 day moving average is $13.97 and its two-hundred day moving average is $15.04. GraniteShares 1.25X Long TSLA Daily ETF has a one year low of $10.73 and a one year high of $21.31.
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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