GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Up 75.6% in September

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 269,900 shares, an increase of 75.6% from the August 31st total of 153,700 shares. Based on an average daily trading volume, of 434,400 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 434,400 shares, the short-interest ratio is presently 0.6 days.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 6.7%

Shares of TSL opened at $19.18 on Tuesday. GraniteShares 1.25X Long TSLA Daily ETF has a 1 year low of $7.93 and a 1 year high of $23.03. The stock has a market cap of $28.39 million, a P/E ratio of 13.41 and a beta of -4.33. The stock’s 50-day moving average price is $14.85 and its two-hundred day moving average price is $12.94.

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

A hedge fund recently bought a new stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC acquired a new stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,301 shares of the company’s stock, valued at approximately $155,000. Jane Street Group LLC owned approximately 1.05% of GraniteShares 1.25X Long TSLA Daily ETF at the end of the most recent reporting period. Institutional investors and hedge funds own 51.48% of the company’s stock.

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.