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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 10,300 shares, a growth of 68.9% from the December 15th total of 6,100 shares. Based on an average daily trading volume, of 415,700 shares, the short-interest ratio is presently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

Shares of NASDAQ:TSL traded down $0.85 during mid-day trading on Thursday, hitting $18.53. 55,429 shares of the company traded hands, compared to its average volume of 225,232. The firm has a market cap of $19.27 million, a P/E ratio of 12.96 and a beta of -4.33. GraniteShares 1.25X Long TSLA Daily ETF has a 52-week low of $5.13 and a 52-week high of $23.03. The firm’s 50 day simple moving average is $17.19 and its 200 day simple moving average is $12.11.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC grew its holdings in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,904 shares of the company’s stock after acquiring an additional 2,299 shares during the period. Jane Street Group LLC owned about 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 as of its most recent SEC filing. 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.