GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Up 133.0% in June

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 75,500 shares, a growth of 133.0% from the May 31st total of 32,400 shares. Based on an average trading volume of 280,200 shares, the days-to-cover ratio is presently 0.3 days.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 0.3 %

Shares of TSL stock traded up $0.02 on Friday, hitting $7.82. 226,647 shares of the stock were exchanged, compared to its average volume of 208,315. The firm has a market capitalization of $6.26 million, a PE ratio of 5.47 and a beta of -4.33. GraniteShares 1.25X Long TSLA Daily ETF has a one year low of $5.13 and a one year high of $23.06. The firm’s 50 day moving average is $6.90 and its two-hundred day moving average is $8.25.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Wealth Effects LLC lifted its position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 42,076 shares of the company’s stock after acquiring an additional 3,276 shares during the quarter. Wealth Effects LLC owned approximately 8.25% of GraniteShares 1.25X Long TSLA Daily ETF worth $463,000 at the end of the most recent quarter. Institutional investors own 51.48% of the company’s stock.

About GraniteShares 1.25X Long TSLA Daily ETF

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.