GraniteShares 2x Long TSLA Daily ETFGraniteShares 2x Long TSLA Daily ETFGraniteShares 2x Long TSLA Daily ETF

GraniteShares 2x Long TSLA Daily ETF

No trades
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Key stats


Assets under management (AUM)
‪325.25 M‬USD
Fund flows (1Y)
‪235.40 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.3%
Shares outstanding
‪12.74 M‬
Expense ratio
0.95%

About GraniteShares 2x Long TSLA Daily ETF


Issuer
GraniteShares, Inc.
Brand
GraniteShares
Inception date
Aug 22, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
GraniteShares Advisors LLC
Distributor
ALPS Distributors, Inc.
TSLR is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to January 22, 2024, the fund traded under the name GraniteShares 1.75x Long TSLA Daily ETF.

Classification


Asset Class
Equity
Category
Sector
Focus
Consumer discretionary
Niche
Automobile manufacturers
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to TSLR via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TSLR trades at 23.74 USD today, its price has fallen −6.97% in the past 24 hours. Track more dynamics on TSLR price chart.
TSLR net asset value is 23.80 today — it's risen 46.46% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TSLR assets under management is ‪325.25 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
TSLR price has risen by 48.75% over the last month, and its yearly performance shows a 105.54% increase. See more dynamics on TSLR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 46.46% over the last month, showed a 12.69% increase in three-month performance and has increased by 111.18% in a year.
TSLR fund flows account for ‪235.40 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TSLR invests in cash. See more details in our Analysis section.
TSLR expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, TSLR is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, TSLR technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating TSLR shows the buy signal. See more of TSLR technicals for a more comprehensive analysis.
No, TSLR doesn't pay dividends to its holders.
TSLR trades at a premium (0.25%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TSLR shares are issued by GraniteShares, Inc.
TSLR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 22, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.