GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Sees Large Increase in Short Interest

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 28,600 shares, an increase of 94.6% from the August 31st total of 14,700 shares. Based on an average trading volume of 595,800 shares, the short-interest ratio is currently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 3.1 %

Shares of NASDAQ:TSL traded up $0.32 during trading on Friday, hitting $10.78. 153,176 shares of the stock were exchanged, compared to its average volume of 333,298. The company has a market cap of $11.10 million, a PE ratio of 7.54 and a beta of -4.33. The company has a fifty day moving average price of $8.89 and a two-hundred day moving average price of $7.88. GraniteShares 1.25X Long TSLA Daily ETF has a 12-month low of $5.13 and a 12-month high of $19.63.

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.