GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Up 23.8% in February

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 34,900 shares, an increase of 23.8% from the February 13th total of 28,200 shares. Based on an average daily volume of 337,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.2% of the shares of the stock are sold short.

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. acquired a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 SEC filing. 51.48% of the stock is owned by hedge funds and other institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 5.7 %

NASDAQ:TSL opened at $9.02 on Thursday. The firm has a market cap of $9.83 million, a price-to-earnings ratio of 6.31 and a beta of -4.33. GraniteShares 1.25X Long TSLA Daily ETF has a 12-month low of $5.13 and a 12-month high of $23.03. The company’s 50-day moving average is $14.61 and its two-hundred day moving average is $13.72.

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.