Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Sees Significant Growth in Short Interest

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQGet Free Report) was the target of a significant 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. Based on an average daily volume of 9,329,731 shares, the days-to-cover ratio is presently 0.3 days. Currently, 35.6% of the shares of the stock are sold short.

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 position in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQFree Report) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 347,220 shares of the company’s stock after acquiring an additional 38,220 shares during the quarter. Flow Traders U.S. LLC owned about 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 Up 3.2%

TSLQ stock opened at $18.53 on Wednesday. Tradr 2X Short TSLA Daily ETF has a 52 week low of $14.77 and a 52 week high of $63.99. The company has a fifty day simple moving average of $20.41 and a two-hundred day simple moving average of $20.52. The firm has a market capitalization of $131.93 million, a P/E ratio of 36.35 and a beta of -1.79.

About Tradr 2X Short TSLA Daily ETF

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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.

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