GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Trading Down 1.1% – Should You Sell?

Shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) traded down 1.1% on Friday . The stock traded as low as $16.30 and last traded at $16.59. Approximately 1,568,341 shares were traded during trading, a decline of 11% from the average daily volume of 1,756,846 shares. The stock had previously closed at $16.77.

GraniteShares 2x Long TSLA Daily ETF Price Performance

The firm has a 50 day moving average of $15.82 and a two-hundred day moving average of $20.37.

Institutional Investors Weigh In On GraniteShares 2x Long TSLA Daily ETF

A number of hedge funds have recently made changes to their positions in TSLR. Headlands Technologies LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the 2nd quarter valued at approximately $391,000. IMC Chicago LLC bought a new position in GraniteShares 2x Long TSLA Daily ETF in the 1st quarter valued at approximately $408,000. Secure Asset Management LLC lifted its stake in GraniteShares 2x Long TSLA Daily ETF by 5.3% in the 2nd quarter. Secure Asset Management LLC now owns 17,304 shares of the company’s stock valued at $421,000 after purchasing an additional 872 shares during the last quarter. Finally, Optiver Holding B.V. lifted its stake 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 purchasing an additional 35,051 shares during the last quarter.

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.