GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Sees Significant Drop in Short Interest

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLRGet Free Report) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 159,800 shares, a decline of 35.3% from the January 15th total of 246,900 shares. Based on an average daily trading volume, of 1,554,700 shares, the short-interest ratio is presently 0.1 days.

GraniteShares 2x Long TSLA Daily ETF Trading Up 11.6 %

Shares of TSLR opened at $31.89 on Friday. 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 50-day moving average is $43.98 and its 200-day moving average is $28.26.

Institutional Investors Weigh In On GraniteShares 2x Long TSLA Daily ETF

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the third quarter worth approximately $537,000. SBI Securities Co. Ltd. bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at approximately $65,000. Simplify Asset Management Inc. bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at approximately $818,000. Finally, NewEdge Advisors LLC boosted its position in shares of GraniteShares 2x Long TSLA Daily ETF by 474.3% in the fourth quarter. NewEdge Advisors LLC now owns 106,240 shares of the company’s stock valued at $4,595,000 after acquiring an additional 87,740 shares during the period.

About GraniteShares 2x Long TSLA Daily ETF

(Get Free Report)

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.

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