GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Stock Price Up 5.9% – Should You Buy?

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR)’s stock price rose 5.9% on Friday . The stock traded as high as $24.58 and last traded at $23.57. Approximately 2,908,037 shares changed hands during trading, an increase of 59% from the average daily volume of 1,828,029 shares. The stock had previously closed at $22.25.

GraniteShares 2x Long TSLA Daily ETF Trading Up 5.9%

The firm’s 50-day moving average price is $23.06 and its two-hundred day moving average price is $28.54.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

Several institutional investors and hedge funds have recently bought and sold shares of TSLR. Group One Trading LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter valued at $500,000. Secure Asset Management LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the 4th quarter valued at $415,000. Wolverine Trading LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter valued at $408,000. Jump Financial LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the 2nd quarter valued at $223,000. Finally, Simplex Trading LLC raised its position in GraniteShares 2x Long TSLA Daily ETF by 41.6% in the 4th quarter. Simplex Trading LLC now owns 27,752 shares of the company’s stock valued at $889,000 after purchasing an additional 8,152 shares during 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.