Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Sees Large Decline in Short Interest

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,680,000 shares, a drop of 43.6% from the May 15th total of 2,980,000 shares. Approximately 12.7% of the shares of the company are sold short. Based on an average daily trading volume, of 23,143,900 shares, the days-to-cover ratio is presently 0.1 days.

Tradr 2X Short TSLA Daily ETF Price Performance

Shares of Tradr 2X Short TSLA Daily ETF stock opened at $17.54 on Tuesday. Tradr 2X Short TSLA Daily ETF has a fifty-two week low of $15.23 and a fifty-two week high of $246.66. The firm has a fifty day moving average price of $25.17 and a two-hundred day moving average price of $32.12. The company has a market cap of $232.23 million, a PE ratio of 36.35 and a beta of 3.46.

Institutional Trading of Tradr 2X Short TSLA Daily ETF

A hedge fund recently bought a new stake in Tradr 2X Short TSLA Daily ETF stock. Jump Financial LLC purchased a new stake in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,901 shares of the company’s stock, valued at approximately $774,000. Jump Financial LLC owned 0.39% of Tradr 2X Short TSLA Daily ETF at the end of the most recent reporting period.

About Tradr 2X Short TSLA Daily ETF

The AXS TSLA Bear Daily ETF (TSLQ) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLQ was launched on Jul 14, 2022 and is managed by AXS Investments.