ProShares Ultra TSLA (NYSEARCA:TSLI) Shares Down 4.6% – Here’s Why

Posted by Donna Armstrong on Oct 18th, 2026

ProShares Ultra TSLA (NYSEARCA:TSLI – Get Free Report)’s share price traded down 4.6% on Friday. The company traded as low as $16.50 and last traded at $16.63. Approximately 10,148 shares changed hands during trading, a decline of 41% from the average daily volume of 17,181 shares. The stock had previously closed at $17.43.

ProShares Ultra TSLA Stock Performance

The business has a 50 day moving average of $17.61 and a 200 day moving average of $21.22.

Hedge Funds Weigh In On ProShares Ultra TSLA

A hedge fund recently raised its position in ProShares Ultra TSLA stock. Optiver Holding B.V. raised its stake in shares of ProShares Ultra TSLA (NYSEARCA:TSLI – Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,258 shares of the company’s stock after acquiring an additional 830 shares during the quarter. Optiver Holding B.V. owned approximately 10.29% of ProShares Ultra TSLA worth $209,000 at the end of the most recent reporting period. 6.01% of the stock is owned by institutional investors.

About ProShares Ultra TSLA

(Get Free Report)

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.