Shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR – Get Free Report) fell 3.4% on Friday . The company traded as low as $15.19 and last traded at $15.51. 822,358 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,770,498 shares. The stock had previously closed at $16.05.
GraniteShares 2x Long TSLA Daily ETF Price Performance
The firm has a 50-day simple moving average of $17.45 and a 200-day simple moving average of $21.39.
Hedge Funds Weigh In On GraniteShares 2x Long TSLA Daily ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. grew its position in 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 valued at $1,208,000 after buying an additional 35,051 shares during the period. Group One Trading LLC bought a new position in GraniteShares 2x Long TSLA Daily ETF in the third quarter worth approximately $500,000. Simplex Trading LLC raised its position in GraniteShares 2x Long TSLA Daily ETF by 41.6% in the fourth 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 period. Wolverine Trading LLC purchased a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth $408,000. Finally, TRUE Private Wealth Advisors purchased a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth $250,000.
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.
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