GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Short Interest Down 25.5% in December

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 320,400 shares, a drop of 25.5% from the December 15th total of 430,100 shares. Based on an average daily trading volume, of 1,451,000 shares, the days-to-cover ratio is presently 0.2 days.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

NASDAQ TSLR traded up $6.48 on Wednesday, reaching $47.52. 1,131,850 shares of the company were exchanged, compared to its average volume of 1,462,500. GraniteShares 2x Long TSLA Daily ETF has a fifty-two week low of $7.45 and a fifty-two week high of $64.75. The business’s fifty day moving average price is $40.90 and its 200 day moving average price is $25.59.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long TSLA Daily ETF stock. Garden State Investment Advisory Services LLC acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 70,254 shares of the company’s stock, valued at approximately $980,000. Garden State Investment Advisory Services LLC owned about 3.00% of GraniteShares 2x Long TSLA Daily ETF at the end of the most recent quarter.

About GraniteShares 2x Long TSLA Daily ETF

The GraniteShares 2x Long TSLA Daily ETF (TSLR) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLR was launched on Aug 21, 2023 and is issued by GraniteShares.