GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Stock Price Down 1% – What’s Next?

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) shares dropped 1% on Thursday . The stock traded as low as $12.90 and last traded at $13.23. Approximately 958,523 shares changed hands during trading, a decline of 48% from the average daily volume of 1,827,044 shares. The stock had previously closed at $13.37.

GraniteShares 2x Long TSLA Daily ETF Stock Down 1.0%

The stock has a fifty day simple moving average of $20.10 and a two-hundred day simple moving average of $22.82.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long TSLA Daily ETF by 149.8% during the first quarter. Optiver Holding B.V. now owns 58,455 shares of the company’s stock worth $1,208,000 after purchasing an additional 35,051 shares during the period. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the first quarter valued at about $408,000. Simplex Trading LLC lifted its position in shares of GraniteShares 2x Long TSLA Daily ETF by 41.6% during the 4th quarter. Simplex Trading LLC now owns 27,752 shares of the company’s stock worth $889,000 after buying an additional 8,152 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the third quarter worth $250,000. Finally, Wolverine Trading LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth $408,000.

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.