Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Decreases By 45.8%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 18,900 shares, a drop of 45.8% from the February 28th total of 34,900 shares. Based on an average daily volume of 427,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.7% of the shares of the company are short sold.

Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC increased its position in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,904 shares of the company’s stock after acquiring an additional 2,299 shares during the period. Jane Street Group LLC owned approximately 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 as of its most recent SEC filing. 51.48% of the stock is currently owned by institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

NASDAQ TSL opened at $10.80 on Friday. The stock has a market capitalization of $11.77 million, a P/E ratio of 7.46 and a beta of -4.33. GraniteShares 1.25X Long TSLA Daily ETF has a 52-week low of $5.13 and a 52-week high of $23.03. The firm has a 50-day moving average price of $13.69 and a 200 day moving average price of $13.76.

GraniteShares 1.25X Long TSLA Daily ETF Company Profile

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.