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

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 430,100 shares, a drop of 30.8% from the November 30th total of 621,500 shares. Based on an average daily trading volume, of 1,352,300 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds 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 position in shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) during the second quarter, according to its most recent Form 13F filing 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 about 3.00% of GraniteShares 2x Long TSLA Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long TSLA Daily ETF Price Performance

Shares of NASDAQ:TSLR opened at $49.54 on Friday. The company’s 50-day moving average price is $34.63 and its two-hundred day moving average price is $22.76. 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.