Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Drops By 64.0%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 10,300 shares, a decrease of 64.0% from the September 15th total of 28,600 shares. Based on an average daily trading volume, of 478,600 shares, the days-to-cover ratio is currently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

TSL traded down $1.07 during midday trading on Friday, hitting $8.59. The stock had a trading volume of 559,664 shares, compared to its average volume of 328,407. The company has a market cap of $7.90 million, a P/E ratio of 6.01 and a beta of -4.33. The business has a fifty day moving average of $9.03 and a 200 day moving average of $8.09. GraniteShares 1.25X Long TSLA Daily ETF has a 1 year low of $5.13 and a 1 year high of $19.31.

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.