GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR) Stock Price Up 0.2% – Time to Buy?

GraniteShares 2x Long TSLA Daily ETF (NASDAQ:TSLR)’s share price traded up 0.2% during mid-day trading on Thursday . The stock traded as high as $26.45 and last traded at $26.00. 1,395,293 shares changed hands during trading, a decline of 22% from the average session volume of 1,799,898 shares. The stock had previously closed at $25.95.

GraniteShares 2x Long TSLA Daily ETF Price Performance

The company’s 50 day moving average is $30.67 and its 200 day moving average is $28.91.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Group One Trading LLC acquired a new position in GraniteShares 2x Long TSLA Daily ETF in the 3rd quarter valued at approximately $500,000. Secure Asset Management LLC bought a new stake in shares of GraniteShares 2x Long TSLA Daily ETF in the fourth quarter worth $415,000. Wolverine Trading LLC acquired a new stake in GraniteShares 2x Long TSLA Daily ETF in the third quarter valued at $408,000. Jump Financial LLC bought a new position in GraniteShares 2x Long TSLA Daily ETF during the 2nd quarter worth $223,000. Finally, Simplex Trading LLC lifted its holdings in GraniteShares 2x Long TSLA Daily ETF by 41.6% during the 4th quarter. Simplex Trading LLC now owns 27,752 shares of the company’s stock worth $889,000 after buying an additional 8,152 shares during the period.

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.