ProShares Ultra TSLA (NYSEARCA:TSLI – Get Free Report) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 9,182 shares, a decline of 77.7% from the July 30th total of 41,258 shares. Based on an average daily trading volume, of 22,440 shares, the days-to-cover ratio is currently 0.4 days. Currently, 10.2% of the shares of the company are short sold.
ProShares Ultra TSLA Stock Performance
Shares of TSLI traded down $0.56 during mid-day trading on Friday, reaching $16.80. 9,507 shares of the company’s stock were exchanged, compared to its average volume of 17,834. The business’s fifty day simple moving average is $19.09 and its 200-day simple moving average is $23.52. ProShares Ultra TSLA has a 52-week low of $12.50 and a 52-week high of $46.11.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in ProShares Ultra TSLA stock. Optiver Holding B.V. raised its holdings in ProShares Ultra TSLA (NYSEARCA:TSLI – Free Report) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,258 shares of the company’s stock after purchasing an additional 830 shares during the quarter. Optiver Holding B.V. owned about 10.29% of ProShares Ultra TSLA worth $209,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.01% of the company’s stock.
ProShares Ultra TSLA Company Profile
The GraniteShares 1x Short TSLA Daily ETF (TSLI) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLI was launched on Aug 9, 2022 and is managed by GraniteShares.
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