GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Stock Short Interest Drops 80.5%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 5,612 shares, a decrease of 80.5% from the October 15th total of 28,774 shares. Based on an average daily volume of 208,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.8% of the shares of the company are short sold.

Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

An institutional investor recently bought a new position in GraniteShares 1.25X Long TSLA Daily ETF stock. StoneX Group Inc. bought a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,998 shares of the company’s stock, valued at approximately $213,000. StoneX Group Inc. owned 2.03% of GraniteShares 1.25X Long TSLA Daily ETF as of its most recent SEC filing. 51.48% of the stock is currently owned by hedge funds and other institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 0.9%

TSL traded up $0.14 on Thursday, reaching $14.94. The stock had a trading volume of 115,000 shares, compared to its average volume of 810,516. The company has a market cap of $10.91 million, a P/E ratio of 10.45 and a beta of 1.93. GraniteShares 1.25X Long TSLA Daily ETF has a 12-month low of $10.73 and a 12-month high of $21.31. The business’s 50-day moving average price is $14.10 and its two-hundred day moving average price is $14.91.

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.