Leverage Shares 2x Long TSLA Daily ETF (NASDAQ:TSLG) Sees Large Drop in Short Interest
by Renee Jackson · The Cerbat GemLeverage Shares 2x Long TSLA Daily ETF (NASDAQ:TSLG – Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,012,644 shares, a decline of 65.2% from the April 30th total of 2,907,315 shares. Based on an average daily volume of 58,386,736 shares, the short-interest ratio is presently 0.0 days. Currently, 15.6% of the shares of the company are sold short.
Leverage Shares 2x Long TSLA Daily ETF Stock Down 3.0%
TSLG traded down $0.24 on Friday, hitting $7.83. The company’s stock had a trading volume of 18,239,497 shares, compared to its average volume of 44,912,887. Leverage Shares 2x Long TSLA Daily ETF has a 12 month low of $4.39 and a 12 month high of $12.24. The company’s 50 day simple moving average is $6.54 and its 200-day simple moving average is $7.95.
About Leverage Shares 2x Long TSLA Daily ETF
The Leverage Shares 2X Long TSLA Daily ETF (TSLG) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund aims to provide 2x leveraged exposure to the daily price movement of Tesla stock, less fees, and expenses. TSLG was launched on Dec 13, 2024 and is issued by Leverage Shares.