GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR – Get Free Report) was the target of a large growth in short interest during 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. Based on an average daily trading volume, of 1,872,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 11.2% of the shares of the stock are short sold.
Institutional Trading of GraniteShares 2x Long TSLA Daily ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLR. Jane Street Group LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth about $537,000. SBI Securities Co. Ltd. purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth about $25,000. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth about $65,000. Simplify Asset Management Inc. purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth about $818,000. Finally, NewEdge Advisors LLC increased its position 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 worth $4,595,000 after purchasing an additional 87,740 shares in the last quarter.
GraniteShares 2x Long TSLA Daily ETF Stock Up 7.4 %
NASDAQ:TSLR opened at $14.55 on Monday. GraniteShares 2x Long TSLA Daily ETF has a 52-week low of $7.45 and a 52-week high of $64.75. The stock has a fifty day simple moving average of $32.33 and a 200-day simple moving average of $29.53.
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.
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