ProShares Ultra TSLA (NYSEARCA:TSLI) Stock Short Interest Rises 363.7%

ProShares Ultra TSLA (NYSEARCA:TSLI) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 18,282 shares, a growth of 363.7% from the August 31st total of 3,943 shares. Currently, 20.3% of the shares of the stock are short sold. Based on an average trading volume of 22,531 shares, the days-to-cover ratio is currently 0.8 days.

ProShares Ultra TSLA Stock Down 2.9%

Shares of ProShares Ultra TSLA stock traded down $0.56 on Friday, reaching $18.60. 14,612 shares of the company were exchanged, compared to its average volume of 18,000. The stock has a fifty day moving average price of $16.85 and a 200-day moving average price of $22.02. ProShares Ultra TSLA has a fifty-two week low of $12.50 and a fifty-two week high of $46.11.

Institutional Investors Weigh In On ProShares Ultra TSLA

An institutional investor recently raised its stake in ProShares Ultra TSLA stock. Optiver Holding B.V. increased its position in ProShares Ultra TSLA (NYSEARCA:TSLI) by 9.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,258 shares of the company’s stock after purchasing an additional 830 shares during the period. Optiver Holding B.V. owned about 10.29% of ProShares Ultra TSLA worth $209,000 at the end of the most recent reporting period. 6.01% of the stock is currently owned by institutional investors and hedge funds.

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.