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

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 67,100 shares, a growth of 178.4% from the October 31st total of 24,100 shares. Based on an average daily volume of 421,900 shares, the short-interest ratio is presently 0.2 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 lifted its holdings in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 29,904 shares of the company’s stock after acquiring an additional 2,299 shares during the period. Jane Street Group LLC owned approximately 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 at the end of the most recent quarter. 51.48% of the stock is currently owned by institutional investors.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

TSL traded up $0.67 on Friday, hitting $15.01. The company had a trading volume of 129,399 shares, compared to its average volume of 349,455. The stock has a fifty day moving average price of $11.44 and a 200-day moving average price of $9.42. GraniteShares 1.25X Long TSLA Daily ETF has a 12-month low of $5.13 and a 12-month high of $18.43. The stock has a market capitalization of $17.11 million, a price-to-earnings ratio of 10.50 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.