GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Stock Cross Above 50-Day Moving Average – Should You Sell?

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.92 and traded as high as $15.89. GraniteShares 1.25X Long TSLA Daily ETF shares last traded at $14.67, with a volume of 616,255 shares traded.

GraniteShares 1.25X Long TSLA Daily ETF Trading Down 4.8 %

The firm has a market capitalization of $16.72 million, a P/E ratio of 10.26 and a beta of -4.33. The stock’s 50-day simple moving average is $11.03 and its 200-day simple moving average is $9.23.

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 boosted its holdings in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,904 shares of the company’s stock after purchasing an additional 2,299 shares during the period. Jane Street Group LLC owned about 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 as of its most recent SEC filing. Institutional investors and hedge funds own 51.48% of the company’s stock.

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.