GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Short Interest Update

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 365,100 shares, a growth of 128.5% from the January 31st total of 159,800 shares. Based on an average trading volume of 1,509,500 shares, the days-to-cover ratio is presently 0.2 days.

GraniteShares 2x Long TSLA Daily ETF Stock Up 7.8 %

Shares of NASDAQ:TSLR traded up $1.53 during trading on Friday, reaching $21.16. The stock had a trading volume of 2,454,192 shares, compared to its average volume of 1,604,260. The firm’s 50-day simple moving average is $38.86 and its 200 day simple moving average is $29.26. GraniteShares 2x Long TSLA Daily ETF has a one year low of $7.45 and a one year high of $64.75.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. 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 shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at approximately $65,000. Simplify Asset Management Inc. purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at approximately $818,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long TSLA Daily ETF during the third quarter worth approximately $537,000. Finally, Snowden Capital Advisors LLC boosted its stake in GraniteShares 2x Long TSLA Daily ETF by 57.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 35,006 shares of the company’s stock worth $1,514,000 after buying an additional 12,791 shares during the last quarter.

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.