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

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 85,700 shares, a drop of 45.1% from the August 15th total of 156,000 shares. Based on an average daily volume of 928,200 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 2x Long TSLA Daily ETF Stock Up 0.3 %

NASDAQ TSLR traded up $0.05 on Friday, reaching $16.70. The stock had a trading volume of 467,154 shares, compared to its average volume of 538,614. The stock has a fifty day moving average price of $16.59 and a two-hundred day moving average price of $13.74. GraniteShares 2x Long TSLA Daily ETF has a 12-month low of $7.45 and a 12-month high of $33.78.

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

An institutional investor recently bought a new position in GraniteShares 2x Long TSLA Daily ETF stock. Garden State Investment Advisory Services LLC bought a new stake in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 70,254 shares of the company’s stock, valued at approximately $980,000. Garden State Investment Advisory Services LLC owned approximately 3.00% of GraniteShares 2x Long TSLA Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long TSLA Daily ETF Company Profile

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.