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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 175,300 shares, an increase of 1,601.9% from the September 30th total of 10,300 shares. Based on an average trading volume of 382,800 shares, the days-to-cover ratio is presently 0.5 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

Shares of NASDAQ:TSL traded up $0.38 on Friday, hitting $11.07. 531,202 shares of the company’s stock were exchanged, compared to its average volume of 326,672. The firm’s 50-day moving average is $9.22 and its 200 day moving average is $8.24. The company has a market capitalization of $10.96 million, a PE ratio of 7.48 and a beta of -4.33. GraniteShares 1.25X Long TSLA Daily ETF has a 1-year low of $5.13 and a 1-year high of $18.43.

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.