GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Trading Down 3.4% – Here’s Why

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) shares dropped 3.4% during trading on Friday . The company traded as low as $15.19 and last traded at $15.51. 822,358 shares were traded during mid-day 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 Price Performance

The business has a 50 day moving average price of $17.45 and a 200 day moving average price of $21.39.

Institutional Trading of GraniteShares 2x Long TSLA Daily ETF

A number of hedge funds and other institutional investors have recently modified their holdings of TSLR. TRUE Private Wealth Advisors bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter valued at about $250,000. Jump Financial LLC bought a new position in shares of GraniteShares 2x Long TSLA Daily ETF in the second quarter worth about $223,000. Wolverine Trading LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the third quarter worth $408,000. Group One Trading LLC bought a new position in GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter valued at approximately $500,000. Finally, Headlands Technologies LLC acquired a new position in shares of GraniteShares 2x Long TSLA Daily ETF during the second quarter worth $391,000.

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.