GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 28,774 shares, a drop of 41.4% from the September 30th total of 49,065 shares. Based on an average daily volume of 215,139 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.6% of the company’s stock are short sold.
GraniteShares 1.25X Long TSLA Daily ETF Trading Down 1.1%
Shares of NASDAQ:TSL traded down $0.17 during trading on Friday, hitting $15.28. 178,418 shares of the company’s stock traded hands, compared to its average volume of 836,659. The company has a 50-day moving average price of $13.93 and a 200-day moving average price of $15.06. 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 cap of $12.07 million, a price-to-earnings ratio of 10.69 and a beta of 1.99.
Institutional Inflows and Outflows
A hedge fund recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Optiver Holding B.V. lifted its stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 22.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,774 shares of the company’s stock after acquiring an additional 2,892 shares during the period. Optiver Holding B.V. owned approximately 2.22% of GraniteShares 1.25X Long TSLA Daily ETF worth $229,000 at the end of the most recent quarter. Institutional investors and hedge funds own 51.48% of the company’s stock.
GraniteShares 1.25X Long TSLA Daily ETF Company Profile
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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