GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Short Interest Down 83.5% in November

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 11,100 shares, a decrease of 83.5% from the November 15th total of 67,100 shares. Based on an average daily trading volume, of 389,800 shares, the days-to-cover ratio is presently 0.0 days.

GraniteShares 1.25X Long TSLA Daily ETF Price Performance

Shares of TSL traded up $1.04 during trading hours on Friday, reaching $20.05. 285,468 shares of the company’s stock traded hands, compared to its average volume of 349,209. GraniteShares 1.25X Long TSLA Daily ETF has a twelve month low of $5.13 and a twelve month high of $20.05. The business’s fifty day simple moving average is $12.64 and its two-hundred day simple moving average is $10.06. The firm has a market capitalization of $22.86 million, a price-to-earnings ratio of 14.02 and a beta of -4.33.

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

An institutional investor recently raised its position in GraniteShares 1.25X Long TSLA Daily ETF stock. Jane Street Group LLC increased its stake in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,904 shares of the company’s stock after acquiring an additional 2,299 shares during the period. Jane Street Group LLC owned approximately 2.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $324,000 at the end of the most recent reporting period. Institutional investors 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.