Short Interest in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Drops By 25.5%

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 320,400 shares, a drop of 25.5% from the December 15th total of 430,100 shares. Based on an average daily volume of 1,451,000 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Long TSLA Daily ETF Trading Down 6.7 %

NASDAQ TSLR opened at $44.32 on Friday. The firm’s 50 day moving average price is $41.28 and its two-hundred day moving average price is $25.72. GraniteShares 2x Long TSLA Daily ETF has a twelve month low of $7.45 and a twelve month high of $64.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long TSLA Daily ETF stock. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 25,233 shares of the company’s stock, valued at approximately $537,000. Jane Street Group LLC owned approximately 0.80% of GraniteShares 2x Long TSLA Daily ETF at the end of the most recent reporting period.

About GraniteShares 2x Long TSLA Daily ETF

The GraniteShares 2x Long TSLA Daily ETF (TSLR) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLR was launched on Aug 21, 2023 and is issued by GraniteShares.