GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Shares Down 0.3% – What’s Next?

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) fell 0.3% during trading on Tuesday . The stock traded as low as $17.37 and last traded at $17.73. 550,782 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 518,010 shares. The stock had previously closed at $17.78.

GraniteShares 1.25X Long TSLA Daily ETF Trading Down 0.3%

The business’s 50 day simple moving average is $18.09 and its 200 day simple moving average is $15.08. The company has a market cap of $28.90 million, a P/E ratio of 12.40 and a beta of 2.03.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Susquehanna International Group LLP increased its position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 67.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,371 shares of the company’s stock after buying an additional 10,597 shares during the period. Susquehanna International Group LLP owned about 1.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $495,000 at the end of the most recent quarter. 51.48% of the stock is owned by hedge funds and other institutional investors.

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.