Short Interest in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Expands By 37,126.3%

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 707,300 shares, a growth of 37,126.3% from the March 31st total of 1,900 shares. Based on an average trading volume of 182,500 shares, the short-interest ratio is currently 3.9 days.

GraniteShares 1.25X Long TSLA Daily ETF Stock Performance

TSL opened at $6.60 on Friday. GraniteShares 1.25X Long TSLA Daily ETF has a 52-week low of $5.13 and a 52-week high of $23.06. The firm has a market capitalization of $5.41 million, a PE ratio of 4.62 and a beta of -4.33. The business’s 50-day simple moving average is $6.97 and its 200 day simple moving average is $11.25.

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. Wealth Effects LLC raised its holdings in GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,076 shares of the company’s stock after buying an additional 3,276 shares during the period. Wealth Effects LLC owned about 8.25% of GraniteShares 1.25X Long TSLA Daily ETF worth $463,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.