SPTL and TSL Experience Significant ETF Withdrawals
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
ETF Outflow Details: The GraniteShares 1.25x Long TSLA Daily ETF experienced the largest outflow, losing 360,000 units, which is a 38.3% decline in outstanding units compared to the previous week.
Market Impact: The significant outflow from the ETF indicates a notable shift in investor sentiment towards Tesla's stock performance.
Source of Information: The information presented reflects the author's views and does not necessarily represent the opinions of Nasdaq, Inc.
Video Reference: A video segment discussing the ETF outflows, specifically mentioning SPTL and TSL, is available for further insights.
Analyst Views on TSL
Wall Street analysts forecast TSL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
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0 Sell
Current: 17.720
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Current: 17.720
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
