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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large increase in short interest in the month of 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. Approximately 3.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC lifted its stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,904 shares of the company’s stock after acquiring an additional 2,299 shares during the quarter. Jane Street Group LLC owned approximately 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 at the end of the most recent reporting period. 51.48% of the stock is currently owned by institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Trading Down 6.5 %

Shares of NASDAQ:TSL opened at $8.53 on Wednesday. The stock has a 50 day moving average of $14.78 and a 200 day moving average of $13.75. The company has a market cap of $9.30 million, a PE ratio of 5.97 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.

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.