GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Stock Jumps 1.9% – Here’s What Happened

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) shares were up 1.9% during mid-day trading on Monday. The company traded as high as $20.81 and last traded at $19.79. Approximately 1,321,374 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 1,674,638 shares. The stock had previously closed at $19.42.

GraniteShares 2x Long TSLA Daily ETF Trading Down 6.5%

The company has a 50-day moving average of $17.22 and a 200 day moving average of $20.90.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TSLR. Optiver Holding B.V. boosted its position in GraniteShares 2x Long TSLA Daily ETF by 149.8% in the first 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 in the last quarter. StoneX Group Inc. bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter worth approximately $295,000. IMC Chicago LLC bought a new stake in GraniteShares 2x Long TSLA Daily ETF during the 1st quarter worth approximately $408,000. Headlands Technologies LLC acquired a new stake in GraniteShares 2x Long TSLA Daily ETF during the 2nd quarter valued at $391,000. Finally, Simplex Trading LLC acquired a new stake in GraniteShares 2x Long TSLA Daily ETF during the 3rd quarter valued at $120,000.

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.