Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Short Interest Update

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,537,665 shares, a growth of 65.8% from the May 14th total of 1,530,675 shares. Approximately 35.6% of the company’s stock are short sold. Based on an average daily trading volume, of 9,329,731 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Tradr 2X Short TSLA Daily ETF

A hedge fund recently raised its stake in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC grew its holdings in shares of Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 347,220 shares of the company’s stock after purchasing an additional 38,220 shares during the quarter. Flow Traders U.S. LLC owned approximately 2.24% of Tradr 2X Short TSLA Daily ETF worth $2,795,000 at the end of the most recent reporting period.

Tradr 2X Short TSLA Daily ETF Stock Down 1.5%

NASDAQ TSLQ traded down $0.28 on Monday, reaching $18.09. The company had a trading volume of 6,552,551 shares, compared to its average volume of 11,618,992. The stock has a market capitalization of $128.80 million, a P/E ratio of 36.35 and a beta of -1.79. The company’s fifty day moving average is $20.71 and its 200 day moving average is $20.60. Tradr 2X Short TSLA Daily ETF has a 52-week low of $14.77 and a 52-week high of $63.99.

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.