GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Short Interest Down 63.7% in March

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 211,000 shares, a decrease of 63.7% from the February 28th total of 581,200 shares. Based on an average daily volume of 2,212,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 4.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in GraniteShares 2x Long TSLA Daily ETF during the fourth quarter worth approximately $25,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the 4th quarter worth $65,000. Simplify Asset Management Inc. purchased a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth $818,000. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at about $537,000. Finally, Snowden Capital Advisors LLC grew its holdings in shares of GraniteShares 2x Long TSLA Daily ETF by 57.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 35,006 shares of the company’s stock valued at $1,514,000 after purchasing an additional 12,791 shares during the period.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

Shares of TSLR stock opened at $16.92 on Friday. GraniteShares 2x Long TSLA Daily ETF has a fifty-two week low of $7.45 and a fifty-two week high of $64.75. The stock’s fifty day moving average is $27.37 and its two-hundred day moving average is $29.34.

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.