GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Shares Down 3.4% – What’s Next?

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) shares were down 3.4% during mid-day trading on Friday . The stock traded as low as $15.19 and last traded at $15.51. 822,358 shares traded hands during trading, a decline of 54% from the average daily volume of 1,770,498 shares. The stock had previously closed at $16.05.

GraniteShares 2x Long TSLA Daily ETF Stock Performance

The business’s fifty day moving average price is $17.45 and its 200-day moving average price is $21.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new stake in GraniteShares 2x Long TSLA Daily ETF in the 2nd quarter worth approximately $223,000. TRUE Private Wealth Advisors bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at $250,000. Headlands Technologies LLC bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the 2nd quarter valued at $391,000. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the 1st quarter worth $408,000. Finally, Wolverine Trading LLC purchased a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter worth $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.