Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Increases By 93.7%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 92,949 shares, a growth of 93.7% from the May 31st total of 47,984 shares. Currently, 13.1% of the shares of the company are sold short. Based on an average trading volume of 858,246 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

Large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP boosted its holdings in GraniteShares 1.25X Long TSLA Daily ETF by 67.2% in the 3rd quarter. Susquehanna International Group LLP now owns 26,371 shares of the company’s stock valued at $495,000 after purchasing an additional 10,597 shares during the period. Optiver Holding B.V. increased its holdings in shares of GraniteShares 1.25X Long TSLA Daily ETF by 22.4% during the 1st quarter. Optiver Holding B.V. now owns 15,774 shares of the company’s stock worth $229,000 after purchasing an additional 2,892 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF during the second quarter valued at about $155,000. 51.48% of the stock is currently owned by institutional investors and hedge funds.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

NASDAQ TSL opened at $15.33 on Friday. The stock has a 50-day simple moving average of $16.14 and a 200 day simple moving average of $16.57. The stock has a market capitalization of $11.34 million, a PE ratio of 10.72 and a beta of 1.89. GraniteShares 1.25X Long TSLA Daily ETF has a twelve month low of $11.11 and a twelve month high of $21.31.

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.