Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Drops By 59.8%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 28,200 shares, a decrease of 59.8% from the January 31st total of 70,100 shares. Based on an average daily volume of 309,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

A hedge fund recently bought a new stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Optiver Holding B.V. bought a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 167,785 shares of the company’s stock, valued at approximately $3,032,000. Optiver Holding B.V. owned about 15.39% of GraniteShares 1.25X Long TSLA Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 51.48% of the company’s stock.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 5.1 %

Shares of TSL stock traded up $0.58 during trading hours on Friday, hitting $11.96. The company’s stock had a trading volume of 506,799 shares, compared to its average volume of 272,926. The business has a fifty day moving average of $17.01 and a 200-day moving average of $13.57. The stock has a market cap of $13.04 million, a price-to-earnings ratio of 8.36 and a beta of -4.33. GraniteShares 1.25X Long TSLA Daily ETF has a twelve month low of $5.13 and a twelve month high of $23.03.

About GraniteShares 1.25X Long TSLA Daily ETF

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.