GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Down 83.5% in November

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 11,100 shares, a drop of 83.5% from the November 15th total of 67,100 shares. Based on an average daily volume of 389,800 shares, the short-interest ratio is currently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Up 7.4 %

Shares of GraniteShares 1.25X Long TSLA Daily ETF stock traded up $1.34 during trading hours on Wednesday, hitting $19.38. The company’s stock had a trading volume of 261,667 shares, compared to its average volume of 349,736. GraniteShares 1.25X Long TSLA Daily ETF has a 1-year low of $5.13 and a 1-year high of $19.39. The business has a fifty day moving average of $12.27 and a 200 day moving average of $9.93. The company has a market capitalization of $22.09 million, a PE ratio of 12.62 and a beta of -4.33.

Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC raised its stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,904 shares of the company’s stock after acquiring an additional 2,299 shares during the quarter. Jane Street Group LLC owned approximately 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.48% of the company’s stock.

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.