Short Interest in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Drops By 63.7%

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 211,000 shares, a decrease of 63.7% from the February 28th total of 581,200 shares. Based on an average daily volume of 2,212,000 shares, the short-interest ratio is currently 0.1 days. Currently, 4.1% of the shares of the company are sold short.

GraniteShares 2x Long TSLA Daily ETF Stock Down 7.2 %

NASDAQ:TSLR opened at $15.64 on Friday. The firm’s fifty day moving average is $26.74 and its two-hundred day moving average is $29.34. GraniteShares 2x Long TSLA Daily ETF has a one year low of $7.45 and a one year high of $64.75.

Institutional Investors Weigh In On GraniteShares 2x Long TSLA Daily ETF

Large investors have recently bought and sold shares of the company. Snowden Capital Advisors LLC lifted its stake in GraniteShares 2x Long TSLA Daily ETF by 57.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 35,006 shares of the company’s stock worth $1,514,000 after purchasing an additional 12,791 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of GraniteShares 2x Long TSLA Daily ETF by 474.3% in the 4th quarter. NewEdge Advisors LLC now owns 106,240 shares of the company’s stock valued at $4,595,000 after purchasing an additional 87,740 shares during the last quarter. Simplify Asset Management Inc. acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the 4th quarter worth approximately $818,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at $65,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth about $25,000.

GraniteShares 2x Long TSLA Daily ETF Company Profile

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.