GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Short Interest Up 50.2% in February

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,623,060 shares, an increase of 50.2% from the February 12th total of 1,080,699 shares. Currently, 20.8% of the company’s shares are sold short. Based on an average daily volume of 1,396,603 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 1,396,603 shares, the short-interest ratio is presently 1.2 days. Currently, 20.8% of the company’s shares are sold short.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLR. Jump Financial LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the second quarter worth $223,000. Hollencrest Capital Management grew its holdings in shares of GraniteShares 2x Long TSLA Daily ETF by 40.0% in the second quarter. Hollencrest Capital Management now owns 3,500 shares of the company’s stock worth $66,000 after purchasing an additional 1,000 shares during the last quarter. Group One Trading LLC purchased a new position in GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter worth about $500,000. Wolverine Trading LLC purchased a new position in GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter worth about $408,000. Finally, TRUE Private Wealth Advisors bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at about $250,000.

GraniteShares 2x Long TSLA Daily ETF Stock Down 2.1%

TSLR opened at $23.17 on Friday. The stock’s 50 day moving average price is $27.32 and its 200-day moving average price is $29.55. GraniteShares 2x Long TSLA Daily ETF has a one year low of $9.97 and a one year high of $39.54.

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.