Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Expands By 37,126.3%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 707,300 shares, an increase of 37,126.3% from the March 31st total of 1,900 shares. Based on an average daily trading volume, of 182,500 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Wealth Effects LLC raised its stake in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,076 shares of the company’s stock after purchasing an additional 3,276 shares during the quarter. Wealth Effects LLC owned 8.25% of GraniteShares 1.25X Long TSLA Daily ETF worth $463,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 51.48% of the company’s stock.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

Shares of TSL opened at $6.60 on Friday. The stock has a 50-day moving average of $6.97 and a 200-day moving average of $11.25. The company has a market cap of $5.41 million, a PE ratio of 4.62 and a beta of -4.33. GraniteShares 1.25X Long TSLA Daily ETF has a one year low of $5.13 and a one year high of $23.06.

GraniteShares 1.25X Long TSLA Daily ETF Company Profile

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.