ProShares Ultra TSLA (NYSEARCA:TSLI) Sees Significant Increase in Short Interest

ProShares Ultra TSLA (NYSEARCA:TSLI) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 17,530 shares, a growth of 186.8% from the June 15th total of 6,112 shares. Based on an average trading volume of 22,765 shares, the short-interest ratio is presently 0.8 days. Approximately 19.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares Ultra TSLA

A hedge fund recently raised its position in ProShares Ultra TSLA stock. Optiver Holding B.V. boosted its position in shares of ProShares Ultra TSLA (NYSEARCA:TSLI) by 9.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

ProShares Ultra TSLA Stock Performance

ProShares Ultra TSLA stock traded up $0.06 during mid-day trading on Wednesday, hitting $23.11. 2,739 shares of the company were exchanged, compared to its average volume of 16,547. The business has a fifty day moving average of $25.97 and a 200 day moving average of $27.45. ProShares Ultra TSLA has a 1-year low of $18.50 and a 1-year high of $46.11.

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.