GraniteShares Releases Short Interest Update for its 1.25X Long TSLA Daily ETF (NASDAQ:TSL)

GraniteShares Releases Short Interest Update for its 1.25X Long TSLA Daily ETF (NASDAQ:TSL)


GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSLGet Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 37,900 shares, a decrease of 16.5% from the February 29th total of 45,400 shares. Based on an average daily trading volume, of 120,900 shares, the days-to-cover ratio is presently 0.3 days.

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

A hedge fund recently bought a new stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Flow Traders U.S. LLC purchased a new position in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSLFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,863 shares of the company’s stock, valued at approximately $465,000. Flow Traders U.S. LLC owned 11.02% of GraniteShares 1.25X Long TSLA Daily ETF at the end of the most recent quarter. Institutional investors own 51.48% of the company’s stock.

GraniteShares 1.25X Long TSLA Daily ETF Trading Down 2.9 %

Shares of NASDAQ:TSL opened at $6.94 on Friday. GraniteShares 1.25X Long TSLA Daily ETF has a 12-month low of $6.24 and a 12-month high of $23.06. The business has a 50 day moving average of $7.56 and a two-hundred day moving average of $12.84. The company has a market capitalization of $3.82 million, a PE ratio of 4.85 and a beta of -4.33.

About GraniteShares 1.25X Long TSLA Daily ETF

(Get Free Report)

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.



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