GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Short Interest Up 128.5% in February

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 365,100 shares, a growth of 128.5% from the January 31st total of 159,800 shares. Based on an average daily trading volume, of 1,509,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth about $25,000. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth about $65,000. Simplify Asset Management Inc. bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth about $818,000. Jane Street Group LLC bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth about $537,000. Finally, Snowden Capital Advisors LLC raised its holdings in GraniteShares 2x Long TSLA Daily ETF by 57.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 35,006 shares of the company’s stock worth $1,514,000 after purchasing an additional 12,791 shares during the last quarter.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

Shares of GraniteShares 2x Long TSLA Daily ETF stock traded up $1.53 during trading on Friday, reaching $21.16. The company’s stock had a trading volume of 2,454,192 shares, compared to its average volume of 1,604,260. The stock has a 50-day moving average price of $38.86 and a two-hundred day moving average price of $29.36. GraniteShares 2x Long TSLA Daily ETF has a one year low of $7.45 and a one year high of $64.75.

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.