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

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 211,000 shares, a decline of 63.7% from the February 28th total of 581,200 shares. Based on an average daily trading volume, of 2,212,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.1% of the shares of the company are sold short.

Institutional Investors Weigh In On GraniteShares 2x Long TSLA Daily ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Snowden Capital Advisors LLC grew its holdings in shares of 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 purchasing an additional 12,791 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of 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. Simplify Asset Management Inc. bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth approximately $818,000. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at approximately $65,000. Finally, SBI Securities Co. Ltd. acquired a new stake in GraniteShares 2x Long TSLA Daily ETF in the 4th quarter worth about $25,000.

GraniteShares 2x Long TSLA Daily ETF Price Performance

GraniteShares 2x Long TSLA Daily ETF stock opened at $15.64 on Friday. The firm has a fifty day moving average price of $26.74 and a two-hundred day moving average price of $29.34. GraniteShares 2x Long TSLA Daily ETF has a fifty-two week low of $7.45 and a fifty-two week high of $64.75.

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.