GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Shares Down 0.1% – Should You Sell?

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR)’s share price fell 0.1% during trading on Thursday . The stock traded as low as $19.20 and last traded at $19.56. Approximately 2,166,220 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 1,947,813 shares. The stock had previously closed at $19.58.

GraniteShares 2x Long TSLA Daily ETF Trading Down 0.1%

The stock’s fifty day simple moving average is $23.68 and its two-hundred day simple moving average is $25.98.

Hedge Funds Weigh In On GraniteShares 2x Long TSLA Daily ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Optiver Holding B.V. grew its stake 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 valued at $1,208,000 after buying an additional 35,051 shares during the period. IMC Chicago LLC bought a new position in GraniteShares 2x Long TSLA Daily ETF in the first quarter worth approximately $408,000. Group One Trading LLC bought a new position in GraniteShares 2x Long TSLA Daily ETF in the third quarter worth approximately $500,000. Secure Asset Management LLC acquired a new stake in GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at approximately $415,000. Finally, Wolverine Trading LLC acquired a new stake in GraniteShares 2x Long TSLA Daily ETF in the third quarter valued at approximately $408,000.

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.