GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Stock Price Break Above 50 Day Moving Average – Should You Sell?

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR – Get Free Report) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $17.24 and traded as high as $18.52. GraniteShares 2x Long TSLA Daily ETF shares last traded at $18.09, with a volume of 680,875 shares.

GraniteShares 2x Long TSLA Daily ETF Price Performance

The stock has a fifty day moving average price of $17.30 and a two-hundred day moving average price of $20.45.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. lifted its holdings 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 in the last quarter. 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 worth $421,000 after purchasing an additional 872 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the 1st quarter worth about $408,000. Headlands Technologies LLC purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the second quarter worth about $391,000. Finally, StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the third quarter worth about $295,000.

About GraniteShares 2x Long TSLA Daily ETF

(Get Free Report)

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.

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