GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Down 86.3% in October

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSLGet Free Report) was the target of a large drop in short interest in the month of 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 volume of 400,500 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

GraniteShares 1.25X Long TSLA Daily ETF stock traded down $0.47 during mid-day trading on Tuesday, hitting $14.87. The company’s stock had a trading volume of 302,398 shares, compared to its average volume of 340,447. The firm’s 50 day moving average is $9.91 and its 200 day moving average is $8.71. The company has a market cap of $16.95 million, a PE ratio of 10.73 and a beta of -4.33. GraniteShares 1.25X Long TSLA Daily ETF has a 52-week low of $5.13 and a 52-week high of $18.43.

About GraniteShares 1.25X Long TSLA Daily ETF

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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.

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