GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Shares Down 3.8% – Here’s Why

Posted by Jessica Moore on Feb 28th, 2025

Shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) dropped 3.8% during mid-day trading on Thursday . The company traded as low as $11.36 and last traded at $11.38. Approximately 448,860 shares were traded during mid-day trading, an increase of 68% from the average daily volume of 266,688 shares. The stock had previously closed at $11.83.

GraniteShares 1.25X Long TSLA Daily ETF Stock Up 1.6 %

The company has a market cap of $12.61 million, a P/E ratio of 8.12 and a beta of -4.33. The company has a fifty day moving average of $17.15 and a 200 day moving average of $13.54.

Institutional Investors 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 raised its stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 8.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 29,904 shares of the company’s stock after purchasing an additional 2,299 shares during the period. Jane Street Group LLC owned 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.

About GraniteShares 1.25X Long TSLA Daily ETF

(Get Free Report)

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.