Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Shares Gap Up – What’s Next?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) gapped up prior to trading on Monday . The stock had previously closed at $50.97, but opened at $57.59. Tradr 2X Short TSLA Daily ETF shares last traded at $60.10, with a volume of 7,843,453 shares changing hands.

Tradr 2X Short TSLA Daily ETF Price Performance

The company has a market cap of $306.18 million, a PE ratio of 62.24 and a beta of 3.46. The stock has a 50 day simple moving average of $43.55 and a two-hundred day simple moving average of $56.72.

Hedge Funds Weigh In On 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 bought a new position in shares of 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 bought 28,901 shares of the company’s stock, valued at approximately $774,000. Jump Financial LLC owned approximately 0.39% of Tradr 2X Short TSLA Daily ETF at the end of the most recent quarter.

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.