ProShares Ultra TSLA (NYSEARCA:TSLI) Short Interest Update

ProShares Ultra TSLA (NYSEARCA:TSLI) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 9,182 shares, a decline of 77.7% from the July 30th total of 41,258 shares. Based on an average trading volume of 22,440 shares, the short-interest ratio is currently 0.4 days. Approximately 10.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Ultra TSLA stock. Optiver Holding B.V. grew its holdings in ProShares Ultra TSLA (NYSEARCA:TSLI) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,258 shares of the company’s stock after purchasing an additional 830 shares during the quarter. Optiver Holding B.V. owned approximately 10.29% of ProShares Ultra TSLA worth $209,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.01% of the company’s stock.

ProShares Ultra TSLA Price Performance

Shares of TSLI opened at $16.80 on Friday. ProShares Ultra TSLA has a 1 year low of $12.50 and a 1 year high of $46.11. The stock has a 50 day simple moving average of $18.93 and a 200-day simple moving average of $23.47.

About ProShares Ultra TSLA

The GraniteShares 1x Short TSLA Daily ETF (TSLI) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLI was launched on Aug 9, 2022 and is managed by GraniteShares.