GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Sees Large Increase in Short Interest

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 581,200 shares, a growth of 59.2% from the February 13th total of 365,100 shares. Currently, 11.2% of the shares of the company are sold short. Based on an average daily volume of 1,872,300 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

A number of institutional investors and hedge funds have recently modified their holdings of TSLR. Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the third quarter worth about $537,000. SBI Securities Co. Ltd. purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter valued at about $25,000. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter valued at about $65,000. Simplify Asset Management Inc. purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter valued at about $818,000. Finally, NewEdge Advisors LLC grew its stake in GraniteShares 2x Long TSLA Daily ETF by 474.3% during the 4th quarter. NewEdge Advisors LLC now owns 106,240 shares of the company’s stock valued at $4,595,000 after acquiring an additional 87,740 shares in the last quarter.

GraniteShares 2x Long TSLA Daily ETF Stock Up 7.4 %

Shares of TSLR stock traded up $1.00 on Friday, reaching $14.55. 2,671,816 shares of the company were exchanged, compared to its average volume of 1,137,104. The business has a 50-day moving average price of $32.33 and a 200 day moving average price of $29.31. GraniteShares 2x Long TSLA Daily ETF has a 1 year low of $7.45 and a 1 year high of $64.75.

About GraniteShares 2x Long TSLA Daily ETF

The GraniteShares 2x Long TSLA Daily ETF (TSLR) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLR was launched on Aug 21, 2023 and is issued by GraniteShares.