GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Down 45.8% in March

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 18,900 shares, a decrease of 45.8% from the February 28th total of 34,900 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 427,000 shares, the short-interest ratio is presently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

NASDAQ TSL opened at $10.80 on Friday. GraniteShares 1.25X Long TSLA Daily ETF has a fifty-two week low of $5.13 and a fifty-two week high of $23.03. The business has a fifty day moving average of $13.69 and a 200-day moving average of $13.76. The stock has a market cap of $11.77 million, a price-to-earnings ratio of 7.46 and a beta of -4.33.

Hedge Funds Weigh In On GraniteShares 1.25X Long TSLA Daily ETF

A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC boosted its position in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,904 shares of the company’s stock after buying an additional 2,299 shares during the quarter. Jane Street Group LLC owned 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 owned by institutional investors and hedge funds.

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.