GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Short Interest Update

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 581,200 shares, an increase of 59.2% from the February 13th total of 365,100 shares. Currently, 11.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,872,300 shares, the days-to-cover ratio is currently 0.3 days.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

Shares of TSLR opened at $14.55 on Monday. The stock has a fifty day moving average price of $32.33 and a 200 day moving average price of $29.53. GraniteShares 2x Long TSLA Daily ETF has a 12 month low of $7.45 and a 12 month high of $64.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter worth $25,000. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter worth $65,000. Simplify Asset Management Inc. bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter worth $818,000. Jane Street Group LLC bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the third quarter worth $537,000. Finally, Snowden Capital Advisors LLC boosted its stake in GraniteShares 2x Long TSLA Daily ETF by 57.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 35,006 shares of the company’s stock valued at $1,514,000 after buying an additional 12,791 shares in the last quarter.

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.