GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Shares Down 1% – Here’s What Happened

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR)’s share price traded down 1% during mid-day trading on Thursday . The company traded as low as $12.90 and last traded at $13.23. 958,523 shares traded hands during trading, a decline of 48% from the average session volume of 1,827,044 shares. The stock had previously closed at $13.37.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

The firm’s fifty day moving average is $20.10 and its 200 day moving average is $22.82.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

A number of institutional investors have recently modified their holdings of TSLR. Optiver Holding B.V. lifted 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 worth $1,208,000 after purchasing an additional 35,051 shares during the period. Simplex Trading LLC boosted its holdings in shares of GraniteShares 2x Long TSLA Daily ETF by 41.6% during the 4th quarter. Simplex Trading LLC now owns 27,752 shares of the company’s stock valued at $889,000 after acquiring an additional 8,152 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the first quarter worth about $408,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth approximately $500,000. Finally, Wolverine Trading LLC acquired a new stake in GraniteShares 2x Long TSLA Daily ETF in the third quarter valued at $408,000.

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.