GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 28,774 shares, a drop of 41.4% from the September 30th total of 49,065 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average trading volume of 215,139 shares, the days-to-cover ratio is presently 0.1 days.
GraniteShares 1.25X Long TSLA Daily ETF Trading Up 2.5%
Shares of GraniteShares 1.25X Long TSLA Daily ETF stock traded up $0.38 on Monday, reaching $15.66. 121,396 shares of the company were exchanged, compared to its average volume of 833,231. The stock has a fifty day moving average price of $13.93 and a 200-day moving average price of $15.06. The firm has a market capitalization of $12.37 million, a price-to-earnings ratio of 10.95 and a beta of 1.99. GraniteShares 1.25X Long TSLA Daily ETF has a fifty-two week low of $10.73 and a fifty-two week high of $21.31.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Optiver Holding B.V. increased its position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL – Free Report) by 22.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,774 shares of the company’s stock after acquiring an additional 2,892 shares during the quarter. Optiver Holding B.V. owned 2.22% of GraniteShares 1.25X Long TSLA Daily ETF worth $229,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.
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