GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Stock Cross Above 50-Day Moving Average – Here’s What Happened

Shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $17.24 and traded as high as $18.52. GraniteShares 2x Long TSLA Daily ETF shares last traded at $18.09, with a volume of 680,875 shares changing hands.

GraniteShares 2x Long TSLA Daily ETF Price Performance

The business has a fifty day moving average of $17.24 and a 200 day moving average of $20.56.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Optiver Holding B.V. raised its holdings in 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. StoneX Group Inc. acquired a new position in GraniteShares 2x Long TSLA Daily ETF in the third quarter valued at about $295,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long TSLA Daily ETF during the first quarter worth about $408,000. Headlands Technologies LLC purchased a new position in GraniteShares 2x Long TSLA Daily ETF during the second quarter worth about $391,000. Finally, Simplex Trading LLC purchased a new position in GraniteShares 2x Long TSLA Daily ETF during the third quarter worth about $120,000.

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.