GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Trading Up 0.2% – Here’s What Happened

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) were up 0.2% on Thursday . The company traded as high as $26.45 and last traded at $26.00. Approximately 1,395,293 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 1,799,898 shares. The stock had previously closed at $25.95.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

The stock has a 50 day simple moving average of $30.67 and a 200 day simple moving average of $28.91.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the third quarter worth $500,000. Secure Asset Management LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth $415,000. Wolverine Trading LLC acquired a new stake in GraniteShares 2x Long TSLA Daily ETF in the third quarter valued at about $408,000. Jump Financial LLC bought a new position in GraniteShares 2x Long TSLA Daily ETF in the second quarter valued at about $223,000. Finally, Simplex Trading LLC raised its stake in GraniteShares 2x Long TSLA Daily ETF by 41.6% during 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 in the last quarter.

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.