Short Interest in GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Declines By 30.8%

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 430,100 shares, a decrease of 30.8% from the November 30th total of 621,500 shares. Based on an average trading volume of 1,352,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long TSLA Daily ETF stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,254 shares of the company’s stock, valued at approximately $980,000. Garden State Investment Advisory Services LLC owned 3.00% of GraniteShares 2x Long TSLA Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long TSLA Daily ETF Trading Down 6.5 %

TSLR traded down $3.23 during trading hours on Monday, hitting $46.31. The company’s stock had a trading volume of 917,709 shares, compared to its average volume of 758,807. The business’s 50-day moving average price is $34.63 and its 200-day moving average price is $22.93. GraniteShares 2x Long TSLA Daily ETF has a 12 month low of $7.45 and a 12 month high of $64.75.

GraniteShares 2x Long TSLA Daily ETF Company Profile

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.