GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Update

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 55,000 shares, a drop of 76.3% from the July 15th total of 232,000 shares. Based on an average daily trading volume, of 503,700 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

Shares of TSL stock traded down $0.13 on Monday, hitting $7.70. The company’s stock had a trading volume of 440,687 shares, compared to its average volume of 316,810. The company has a market capitalization of $7.93 million, a PE ratio of 5.31 and a beta of -4.33. GraniteShares 1.25X Long TSLA Daily ETF has a fifty-two week low of $5.13 and a fifty-two week high of $20.71. The stock’s 50 day moving average is $8.52 and its 200-day moving average is $7.59.

About GraniteShares 1.25X Long TSLA Daily ETF

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.