ProShares Ultra TSLA (NYSEARCA:TSLI) Shares Shorted: Short Interest Up 363.7% in September

ProShares Ultra TSLA (NYSEARCA:TSLI) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 18,282 shares, an increase of 363.7% from the August 31st total of 3,943 shares. Approximately 20.3% of the company’s stock are sold short. Based on an average daily trading volume, of 22,531 shares, the short-interest ratio is presently 0.8 days.

ProShares Ultra TSLA Stock Performance

Shares of TSLI stock traded down $0.56 on Friday, reaching $18.60. 14,612 shares of the company’s stock traded hands, compared to its average volume of 18,000. ProShares Ultra TSLA has a 12-month low of $12.50 and a 12-month high of $46.11. The business’s 50 day moving average price is $16.85 and its two-hundred day moving average price is $22.02.

Hedge Funds Weigh In On ProShares Ultra TSLA

An institutional investor recently raised its stake in ProShares Ultra TSLA stock. Optiver Holding B.V. lifted its stake in ProShares Ultra TSLA (NYSEARCA:TSLI) by 9.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,258 shares of the company’s stock after purchasing an additional 830 shares during the quarter. Optiver Holding B.V. owned 10.29% of ProShares Ultra TSLA worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 6.01% of the company’s stock.

ProShares Ultra TSLA Company Profile

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.