Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Declines By 45.8%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 18,900 shares, a decrease of 45.8% from the February 28th total of 34,900 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 427,000 shares, the short-interest ratio is currently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Trading Down 4.5 %

Shares of NASDAQ:TSL opened at $10.31 on Friday. The stock has a market capitalization of $16.70 million, a P/E ratio of 7.21 and a beta of 1.69. The stock’s 50-day moving average price is $13.51 and its 200-day moving average price is $13.81. GraniteShares 1.25X Long TSLA Daily ETF has a 12-month low of $5.13 and a 12-month high of $23.03.

Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC lifted its position in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 29,904 shares of the company’s stock after purchasing an additional 2,299 shares during the period. Jane Street Group LLC owned about 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 51.48% of the company’s stock.

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.