Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Expands By 23.8%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 34,900 shares, a growth of 23.8% from the February 13th total of 28,200 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 337,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC raised its position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,904 shares of the company’s stock after purchasing an additional 2,299 shares during the quarter. Jane Street Group LLC owned 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 Stock Performance

NASDAQ TSL opened at $8.53 on Wednesday. GraniteShares 1.25X Long TSLA Daily ETF has a one year low of $5.13 and a one year high of $23.03. The stock has a 50-day moving average of $14.78 and a 200 day moving average of $13.75. The company has a market capitalization of $9.30 million, a price-to-earnings ratio of 5.97 and a beta of -4.33.

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.