GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Shares Up 4.1% – Time to Buy?

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR)’s stock price rose 4.1% on Friday. The stock traded as high as $18.64 and last traded at $18.11. Approximately 883,450 shares traded hands during trading, a decline of 49% from the average daily volume of 1,728,764 shares. The stock had previously closed at $17.39.

GraniteShares 2x Long TSLA Daily ETF Stock Up 4.1%

The business has a fifty day moving average price of $16.01 and a two-hundred day moving average price of $19.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF in the 2nd quarter valued at approximately $391,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF in the 1st quarter worth approximately $408,000. Secure Asset Management LLC boosted its stake in shares of GraniteShares 2x Long TSLA Daily ETF by 5.3% during the 2nd quarter. Secure Asset Management LLC now owns 17,304 shares of the company’s stock valued at $421,000 after buying an additional 872 shares during the period. Finally, Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long TSLA Daily ETF by 149.8% during the 1st quarter. Optiver Holding B.V. now owns 58,455 shares of the company’s stock valued at $1,208,000 after buying an additional 35,051 shares during the period.

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.