GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Sees Large Decrease in Short Interest

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 6,100 shares, a decrease of 45.0% from the November 30th total of 11,100 shares. Based on an average daily trading volume, of 409,000 shares, the days-to-cover ratio is presently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

TSL opened at $20.99 on Friday. The firm has a market cap of $23.93 million, a P/E ratio of 14.68 and a beta of -4.33. The business’s fifty day moving average is $14.93 and its 200-day moving average is $11.02. GraniteShares 1.25X Long TSLA Daily ETF has a 52-week low of $5.13 and a 52-week high of $23.03.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC boosted its position in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,904 shares of the company’s stock after purchasing an additional 2,299 shares during the period. Jane Street Group LLC owned 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 at the end of the most recent quarter. 51.48% of the stock is currently owned by institutional investors and hedge funds.

GraniteShares 1.25X Long TSLA Daily ETF Company Profile

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.