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 recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 211,000 shares, a drop of 63.7% from the February 28th total of 581,200 shares. Based on an average daily trading volume, of 2,212,000 shares, the short-interest ratio is currently 0.1 days. Currently, 4.1% of the shares of the stock are sold short.

GraniteShares 2x Long TSLA Daily ETF Price Performance

GraniteShares 2x Long TSLA Daily ETF stock opened at $16.73 on Thursday. The company’s fifty day moving average price is $27.92 and its 200 day moving average price is $29.43. GraniteShares 2x Long TSLA Daily ETF has a 1 year low of $7.45 and a 1 year high of $64.75.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

Institutional investors have recently modified their holdings of the stock. Snowden Capital Advisors LLC raised its position in shares of GraniteShares 2x Long TSLA Daily ETF by 57.6% during 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 during the last quarter. NewEdge Advisors LLC raised its holdings in shares of GraniteShares 2x Long TSLA Daily ETF by 474.3% during the fourth quarter. NewEdge Advisors LLC now owns 106,240 shares of the company’s stock valued at $4,595,000 after acquiring an additional 87,740 shares during the last quarter. Simplify Asset Management Inc. purchased a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at approximately $818,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter worth approximately $65,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the fourth quarter worth approximately $25,000.

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.