GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Sees Large Increase in Short Interest

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 52,200 shares, a growth of 194.9% from the July 15th total of 17,700 shares. Based on an average daily volume of 818,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long TSLA Daily ETF stock. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,030 shares of the company’s stock, valued at approximately $269,000. IMC Chicago LLC owned about 1.72% of GraniteShares 2x Long TSLA Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long TSLA Daily ETF Price Performance

TSLR traded up $1.32 during trading hours on Tuesday, reaching $14.08. 771,512 shares of the stock traded hands, compared to its average volume of 523,847. GraniteShares 2x Long TSLA Daily ETF has a fifty-two week low of $7.45 and a fifty-two week high of $33.78. The firm’s fifty day simple moving average is $15.89 and its two-hundred day simple moving average is $13.75.

About GraniteShares 2x Long TSLA Daily ETF

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.