GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Stock Cross Above 50 Day Moving Average – Here’s What Happened

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.92 and traded as high as $15.89. GraniteShares 1.25X Long TSLA Daily ETF shares last traded at $14.67, with a volume of 616,255 shares traded.

GraniteShares 1.25X Long TSLA Daily ETF Stock Down 4.8 %

The firm has a market cap of $16.72 million, a P/E ratio of 10.26 and a beta of -4.33. The firm’s 50-day simple moving average is $11.03 and its 200 day simple moving average is $9.23.

Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC boosted its position in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,904 shares of the company’s stock after buying an additional 2,299 shares during the quarter. Jane Street Group LLC owned approximately 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 51.48% of the stock is currently owned by institutional investors and hedge funds.

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.