GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Sees Large Decline in Short Interest

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 24,100 shares, a drop of 86.3% from the October 15th total of 175,300 shares. Based on an average daily trading volume, of 400,500 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 4.0 %

NASDAQ TSL traded up $0.57 during mid-day trading on Wednesday, reaching $14.72. 89,689 shares of the company’s stock traded hands, compared to its average volume of 342,750. GraniteShares 1.25X Long TSLA Daily ETF has a 1-year low of $5.13 and a 1-year high of $18.43. The company has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $8.71. The company has a market cap of $16.78 million, a price-to-earnings ratio of 10.40 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.