GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 60,738 shares, a drop of 34.6% from the August 15th total of 92,881 shares. Based on an average daily volume of 448,663 shares, the days-to-cover ratio is presently 0.1 days. Approximately 8.0% of the company’s shares are short sold.
GraniteShares 1.25X Long TSLA Daily ETF Price Performance
Shares of NASDAQ:TSL traded down $0.10 during trading hours on Friday, hitting $13.69. The company’s stock had a trading volume of 136,579 shares, compared to its average volume of 931,734. GraniteShares 1.25X Long TSLA Daily ETF has a 52 week low of $10.73 and a 52 week high of $21.31. The company has a market capitalization of $13.68 million, a price-to-earnings ratio of 9.57 and a beta of 1.98. The firm’s fifty day moving average price is $13.13 and its 200 day moving average price is $14.76.
Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF
An institutional investor recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Optiver Holding B.V. boosted its stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 22.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,774 shares of the company’s stock after purchasing an additional 2,892 shares during the quarter. Optiver Holding B.V. owned about 2.22% of GraniteShares 1.25X Long TSLA Daily ETF worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.
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