GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Stock Cross Above 50-Day Moving Average – Here’s What Happened

Shares of 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 Trading Up 5.8%

The stock’s 50-day moving average is $17.24 and its two-hundred day moving average is $20.56.

Hedge Funds Weigh In On GraniteShares 2x Long TSLA Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLR. Optiver Holding B.V. grew its position 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 acquiring an additional 35,051 shares in the last quarter. StoneX Group Inc. purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the third quarter worth about $295,000. Secure Asset Management LLC increased its stake in GraniteShares 2x Long TSLA Daily ETF by 16.7% during the third quarter. Secure Asset Management LLC now owns 20,190 shares of the company’s stock worth $316,000 after purchasing an additional 2,886 shares during the period. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long TSLA Daily ETF during the first quarter worth about $408,000. Finally, Headlands Technologies LLC acquired a new stake in shares of GraniteShares 2x Long TSLA Daily ETF during the second quarter worth about $391,000.

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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