GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Update

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 6,100 shares, a decline of 45.0% from the November 30th total of 11,100 shares. Based on an average trading volume of 409,000 shares, the days-to-cover ratio is presently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Down 2.2 %

NASDAQ TSL opened at $20.99 on Friday. The stock has a fifty day simple moving average of $14.93 and a 200 day simple moving average of $11.02. GraniteShares 1.25X Long TSLA Daily ETF has a twelve month low of $5.13 and a twelve month high of $23.03. The company has a market capitalization of $23.93 million, a price-to-earnings ratio of 14.68 and a beta of -4.33.

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

A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC raised its position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,904 shares of the company’s stock after acquiring an additional 2,299 shares during the quarter. 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. 51.48% of the stock is currently owned by institutional investors.

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.