Short Interest in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Drops By 35.3%

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 159,800 shares, a drop of 35.3% from the January 15th total of 246,900 shares. Based on an average daily volume of 1,554,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On GraniteShares 2x Long TSLA Daily ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TSLR. SBI Securities Co. Ltd. purchased a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the fourth quarter valued at about $25,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the fourth quarter valued at approximately $65,000. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the third quarter valued at approximately $537,000. Simplify Asset Management Inc. bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the fourth quarter valued at approximately $818,000. Finally, NewEdge Advisors LLC raised its stake 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 in the last quarter.

GraniteShares 2x Long TSLA Daily ETF Price Performance

GraniteShares 2x Long TSLA Daily ETF stock traded down $0.06 during trading on Friday, reaching $31.83. The company had a trading volume of 1,759,032 shares, compared to its average volume of 1,461,390. GraniteShares 2x Long TSLA Daily ETF has a 52 week low of $7.45 and a 52 week high of $64.75. The firm’s 50-day simple moving average is $43.86 and its 200 day simple moving average is $28.28.

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.