GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Up 297.1% in April

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 240,394 shares, an increase of 297.1% from the April 15th total of 60,536 shares. Currently, 33.9% of the company’s stock are short sold. Based on an average daily volume of 1,417,791 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC acquired a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,301 shares of the company’s stock, valued at approximately $155,000. Jane Street Group LLC owned approximately 1.05% of GraniteShares 1.25X Long TSLA Daily ETF at the end of the most recent reporting period. 51.48% of the stock is currently owned by institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 1.9%

Shares of TSL traded up $0.34 during midday trading on Thursday, reaching $18.44. 403,614 shares of the company were exchanged, compared to its average volume of 1,209,105. The stock has a 50-day moving average price of $15.19 and a 200-day moving average price of $17.03. The company has a market cap of $13.09 million, a price-to-earnings ratio of 12.90 and a beta of 1.84. GraniteShares 1.25X Long TSLA Daily ETF has a 1-year low of $10.47 and a 1-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.