GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Up 178.4% in November

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 67,100 shares, an increase of 178.4% from the October 31st total of 24,100 shares. Based on an average daily trading volume, of 421,900 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

NASDAQ TSL opened at $14.34 on Thursday. The firm’s fifty day moving average price is $11.24 and its 200 day moving average price is $9.32. GraniteShares 1.25X Long TSLA Daily ETF has a 12 month low of $5.13 and a 12 month high of $18.43. The company has a market capitalization of $16.35 million, a price-to-earnings ratio of 10.03 and a beta of -4.33.

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

About GraniteShares 1.25X Long TSLA Daily ETF

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.