Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Shares Gap Up – Time to Buy?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $23.75, but opened at $25.76. Tradr 2X Short TSLA Daily ETF shares last traded at $25.29, with a volume of 8,668,955 shares trading hands.

Tradr 2X Short TSLA Daily ETF Price Performance

The firm’s fifty day moving average price is $32.20 and its 200-day moving average price is $54.22. The firm has a market capitalization of $417.76 million, a P/E ratio of 36.35 and a beta of 3.46.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC acquired a new stake in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 309,000 shares of the company’s stock, valued at approximately $5,642,000. Flow Traders U.S. LLC owned approximately 1.38% 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.