GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Stock Price Down 1.5% – What’s Next?

Shares of GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) fell 1.5% during mid-day trading on Thursday . The stock traded as low as $20.05 and last traded at $20.68. Approximately 758,146 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,879,050 shares. The stock had previously closed at $21.00.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

The firm’s 50-day simple moving average is $23.56 and its 200 day simple moving average is $24.53.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Woodward Diversified Capital LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF during the fourth quarter valued at approximately $211,000. TRUE Private Wealth Advisors acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth approximately $250,000. Genesis Financial Group LLC acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 4th quarter worth approximately $256,000. Jump Financial LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the 2nd quarter worth approximately $223,000. Finally, Wolverine Trading LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth approximately $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.