Bear ETF tied to Tesla will be liquidated
Win McNamee/Getty Images News
GraniteShares said it will close a recently launched single-stock leveraged ETF tied to Tesla (NASDAQ:TSLA). The GraniteShares 1x Short TSLA Daily ETF (NASDAQ:TSLI), which aimed to offer investors a 1X short stance against popular electric vehicle maker, will be liquidated and cease trading on June 16, 2023.
The final day that new orders will be allowed for the fund will be for June 14. Moreover, market participants may sell their positions in the ETF up until the market closes on June 16.
Any stockholders who still maintain shares in TSLI as of June 19, 2023, will automatically be refunded for cash at the net asset value as of close of business on that date.
For reference TSLI launched back on August 9, 2022 with an expense ratio of 1.15%.
While the single stock leveraged ETF TSLI is closing up shop, GraniteShares still has six other single stock leveraged ETFs on the market. Here is a list of funds, along with their 2023 price action:

GraniteShares 1.75x Long AAPL Daily ETF (AAPB) +72.1%.
GraniteShares 1.75x Long BABA Daily ETF (BABX) -27.9%.
GraniteShares 1.5x Long COIN Daily ETF (CONL) +76.6%.
GraniteShares 1.5x Long META Daily ETF (FBL) +185.5%.
GraniteShares 1.5x Long NVDA Daily ETF (NVDL) +291.1%.

GraniteShares 1.25x Long TSLA Daily ETF (TSLI) +96.2%.


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