GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Stock Price Up 1.1%

Shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSLGet Free Report) were up 1.1% during mid-day trading on Thursday . The company traded as high as $7.84 and last traded at $7.75. Approximately 73,610 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 100,748 shares. The stock had previously closed at $7.66.

GraniteShares 1.25X Long TSLA Daily ETF Trading Up 1.1 %

The company has a market cap of $4.26 million, a P/E ratio of 5.42 and a beta of -4.33. The firm’s 50 day moving average price is $12.09 and its 200-day moving average price is $15.56.

GraniteShares 1.25X Long TSLA Daily ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, December 28th were paid a dividend of $6.6572 per share. This represents a $79.89 annualized dividend and a yield of 1,031.18%. The ex-dividend date of this dividend was Wednesday, December 27th. GraniteShares 1.25X Long TSLA Daily ETF’s payout ratio is 465.03%.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

A hedge fund recently bought a new stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Flow Traders U.S. LLC acquired a new position in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSLFree Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,863 shares of the company’s stock, valued at approximately $465,000. Flow Traders U.S. LLC owned 11.02% 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

(Get Free Report)

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.

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