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 target of a large decrease in short interest in 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. Approximately 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,212,000 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 2x Long TSLA Daily ETF Stock Down 11.2 %

Shares of TSLR stock opened at $16.73 on Thursday. GraniteShares 2x Long TSLA Daily ETF has a 1-year low of $7.45 and a 1-year high of $64.75. The business’s fifty day moving average price is $27.92 and its 200 day moving average price is $29.43.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TSLR. SBI Securities Co. Ltd. acquired a new position in GraniteShares 2x Long TSLA Daily ETF during the fourth quarter worth $25,000. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long TSLA Daily ETF in the 4th quarter valued at about $65,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at about $537,000. Simplify Asset Management Inc. purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at about $818,000. Finally, Snowden Capital Advisors LLC grew its position 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 last quarter.

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.