GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 131,144 shares, a growth of 125.3% from the July 15th total of 58,216 shares. Based on an average daily trading volume, of 573,220 shares, the days-to-cover ratio is currently 0.2 days. Currently, 17.3% of the company’s shares are sold short.
Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF
Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF during the second quarter valued at $155,000. Susquehanna International Group LLP raised its position in GraniteShares 1.25X Long TSLA Daily ETF by 67.2% during the third quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock valued at $495,000 after buying an additional 10,597 shares during the period. Finally, Optiver Holding B.V. raised its position in GraniteShares 1.25X Long TSLA Daily ETF by 22.4% during the first quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock valued at $229,000 after buying an additional 2,892 shares during the period. Hedge funds and other institutional investors own 51.48% of the company’s stock.
GraniteShares 1.25X Long TSLA Daily ETF Stock Performance
Shares of NASDAQ:TSL opened at $12.76 on Friday. The firm has a 50 day simple moving average of $14.25 and a 200 day simple moving average of $15.37. 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 $9.70 million, a PE ratio of 8.92 and a beta of 1.95.
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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