ProShares Ultra TSLA (NYSEARCA:TSLI) Short Interest Update

ProShares Ultra TSLA (NYSEARCA:TSLI) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 41,258 shares, an increase of 81.3% from the July 15th total of 22,754 shares. Based on an average daily trading volume, of 33,196 shares, the days-to-cover ratio is presently 1.2 days. Approximately 45.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares Ultra TSLA

An institutional investor recently raised its stake in ProShares Ultra TSLA stock. Optiver Holding B.V. lifted its stake in ProShares Ultra TSLA (NYSEARCA:TSLI) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,258 shares of the company’s stock after purchasing an additional 830 shares during the period. Optiver Holding B.V. owned approximately 10.29% of ProShares Ultra TSLA worth $209,000 as of its most recent SEC filing. 6.01% of the stock is currently owned by institutional investors and hedge funds.

ProShares Ultra TSLA Trading Up 1.5%

NYSEARCA:TSLI traded up $0.24 during trading hours on Friday, hitting $16.36. The company’s stock had a trading volume of 14,389 shares, compared to its average volume of 18,251. The business’s 50-day moving average is $20.48 and its two-hundred day moving average is $24.39. ProShares Ultra TSLA has a 52-week low of $12.50 and a 52-week high of $46.11.

About ProShares Ultra TSLA

The GraniteShares 1x Short TSLA Daily ETF (TSLI) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLI was launched on Aug 9, 2022 and is managed by GraniteShares.