Short Interest in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Decreases By 62.7%

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 946,324 shares, a drop of 62.7% from the May 31st total of 2,537,665 shares. Currently, 13.3% of the company’s shares are sold short. Based on an average daily volume of 8,311,991 shares, the days-to-cover ratio is currently 0.1 days.

Tradr 2X Short TSLA Daily ETF Stock Down 2.0%

Shares of NASDAQ TSLQ opened at $20.90 on Friday. Tradr 2X Short TSLA Daily ETF has a twelve month low of $14.77 and a twelve month high of $63.99. The firm has a market cap of $148.81 million, a PE ratio of 36.35 and a beta of -1.79. The business has a fifty day simple moving average of $19.35 and a two-hundred day simple moving average of $20.42.

Institutional Trading of Tradr 2X Short TSLA Daily ETF

A hedge fund recently raised its position in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC boosted its holdings in shares of Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 12.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,220 shares of the company’s stock after acquiring an additional 38,220 shares during the period. Flow Traders U.S. LLC owned about 2.24% of Tradr 2X Short TSLA Daily ETF worth $2,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.