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

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) was the recipient of a significant drop in short interest in 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. Based on an average daily volume of 8,311,991 shares, the short-interest ratio is currently 0.1 days. Approximately 13.3% of the company’s stock are short sold.

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 raised its stake in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 347,220 shares of the company’s stock after purchasing an additional 38,220 shares during the period. Flow Traders U.S. LLC owned 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).

Tradr 2X Short TSLA Daily ETF Stock Down 2.0%

Shares of NASDAQ:TSLQ opened at $20.90 on Friday. The company has a market capitalization of $148.81 million, a price-to-earnings ratio of 36.35 and a beta of -1.79. Tradr 2X Short TSLA Daily ETF has a 52 week low of $14.77 and a 52 week high of $63.99. The firm has a 50 day moving average of $19.35 and a 200 day moving average of $20.42.

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.