GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Stock Price Down 0.2% – Here’s Why

Shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) were down 0.2% during trading on Wednesday . The company traded as low as $24.71 and last traded at $25.60. Approximately 2,106,596 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 1,944,514 shares. The stock had previously closed at $25.64.

GraniteShares 2x Long TSLA Daily ETF Stock Down 13.3%

The stock’s 50 day simple moving average is $22.88 and its two-hundred day simple moving average is $26.68.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. grew 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 in the last quarter. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 1st quarter valued at about $408,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at about $500,000. Secure Asset Management LLC purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter valued at about $415,000. Finally, Wolverine Trading LLC purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the third quarter valued at about $408,000.

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.