GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Short Interest Update

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,816,490 shares, a decline of 36.2% from the November 30th total of 2,845,998 shares. Approximately 20.5% of the shares of the company are short sold. Based on an average trading volume of 1,112,005 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 1,112,005 shares, the days-to-cover ratio is presently 1.6 days. Approximately 20.5% of the shares of the company are short sold.

GraniteShares 2x Long TSLA Daily ETF Stock Up 1.2%

Shares of TSLR traded up $0.41 during midday trading on Tuesday, reaching $33.89. 562,406 shares of the stock were exchanged, compared to its average volume of 3,003,593. GraniteShares 2x Long TSLA Daily ETF has a twelve month low of $9.97 and a twelve month high of $49.80. The stock’s 50 day simple moving average is $32.35 and its 200 day simple moving average is $26.36.

Institutional Investors Weigh In On GraniteShares 2x Long TSLA Daily ETF

Hedge funds have recently made changes to their positions in the stock. Group One Trading LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at about $500,000. Wolverine Trading LLC purchased a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at $408,000. Jump Financial LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the 2nd quarter worth about $223,000. Chung Wu Investment Group LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the second quarter valued at about $151,000. Finally, TRUE Private Wealth Advisors bought a new position in GraniteShares 2x Long TSLA Daily ETF during the third quarter worth about $250,000.

GraniteShares 2x Long TSLA Daily ETF Company Profile

The GraniteShares 2x Long TSLA Daily ETF (TSLR) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLR was launched on Aug 21, 2023 and is issued by GraniteShares.