Shares of ProShares Ultra TSLA (NYSEARCA:TSLI – Get Free Report) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $18.54 and traded as high as $19.56. ProShares Ultra TSLA shares last traded at $19.37, with a volume of 3,565 shares trading hands.
ProShares Ultra TSLA Stock Up 5.7%
The stock has a fifty day moving average price of $18.54 and a 200-day moving average price of $22.52.
Hedge Funds Weigh In On ProShares Ultra TSLA
A hedge fund recently raised its position in ProShares Ultra TSLA stock. Optiver Holding B.V. boosted its position in ProShares Ultra TSLA (NYSEARCA:TSLI – Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,258 shares of the company’s stock after buying an additional 830 shares during the period. Optiver Holding B.V. owned approximately 10.29% of ProShares Ultra TSLA worth $209,000 as of its most recent SEC filing. 6.01% of the stock is owned by hedge funds and other institutional investors.
ProShares Ultra TSLA Company Profile
The GraniteShares 1x Short TSLA Daily ETF (TSLI) is an exchange-traded fund that is based on the Tesla, Inc. index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLI was launched on Aug 9, 2022 and is managed by GraniteShares.
Recommended Stories
- Five stocks we like better than ProShares Ultra TSLA
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for ProShares Ultra TSLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra TSLA and related companies with MarketBeat.com's FREE daily email newsletter.
