GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Up 68.9% in December

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 10,300 shares, a growth of 68.9% from the December 15th total of 6,100 shares. Based on an average daily volume of 415,700 shares, the short-interest ratio is currently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 9.9 %

NASDAQ:TSL traded up $1.74 during mid-day trading on Wednesday, hitting $19.38. 153,385 shares of the company’s stock traded hands, compared to its average volume of 243,494. The firm has a market capitalization of $26.55 million, a price-to-earnings ratio of 13.55 and a beta of -4.33. The firm has a 50 day moving average of $17.19 and a two-hundred day moving average of $12.11. GraniteShares 1.25X Long TSLA Daily ETF has a 12 month low of $5.13 and a 12 month high of $23.03.

Institutional Investors 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 stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter. Hedge funds and other institutional investors 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.