Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Shares Up 1.6% – What’s Next?

Shares of Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) shot up 1.6% on Wednesday . The stock traded as high as $23.83 and last traded at $23.48. 6,607,333 shares were traded during trading, a decline of 46% from the average session volume of 12,321,954 shares. The stock had previously closed at $23.10.

Tradr 2X Short TSLA Daily ETF Stock Performance

The company has a market capitalization of $155.99 million, a price-to-earnings ratio of 36.35 and a beta of -1.86. The company’s fifty day simple moving average is $23.33 and its two-hundred day simple moving average is $21.78.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC grew its stake 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 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 at the end of the most recent quarter.

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.