Shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR – Get Free Report) dropped 1.5% during trading on Thursday . The stock traded as low as $20.05 and last traded at $20.68. Approximately 758,146 shares were traded during trading, a decline of 60% from the average session volume of 1,879,050 shares. The stock had previously closed at $21.00.
GraniteShares 2x Long TSLA Daily ETF Stock Performance
The business’s 50 day simple moving average is $23.70 and its two-hundred day simple moving average is $24.57.
Institutional Investors Weigh In On GraniteShares 2x Long TSLA Daily ETF
Several institutional investors and hedge funds have recently made changes to their positions in TSLR. Simplex Trading LLC raised its holdings in GraniteShares 2x Long TSLA Daily ETF by 41.6% in the 4th quarter. Simplex Trading LLC now owns 27,752 shares of the company’s stock worth $889,000 after acquiring an additional 8,152 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at $250,000. Wolverine Trading LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at $408,000. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter worth $500,000. Finally, Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long TSLA Daily ETF by 149.8% in the 1st 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 in 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.
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