Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Shares Up 9% – Time to Buy?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ)’s stock price shot up 9% during trading on Tuesday . The company traded as high as $8.30 and last traded at $8.27. 67,003,341 shares were traded during mid-day trading, an increase of 155% from the average session volume of 26,322,553 shares. The stock had previously closed at $7.59.

Tradr 2X Short TSLA Daily ETF Stock Performance

The stock has a market cap of $476.52 million, a P/E ratio of 36.35 and a beta of 3.46. The stock’s fifty day moving average is $12.92 and its 200 day moving average is $21.20.

Tradr 2X Short TSLA Daily ETF’s stock is scheduled to reverse split before the market opens on Tuesday, October 21st. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 20th.

Institutional Trading of Tradr 2X Short TSLA Daily ETF

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

Tradr 2X Short TSLA Daily ETF Company Profile

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.