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

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 669,576 shares, a decrease of 48.8% from the July 15th total of 1,306,567 shares. Based on an average trading volume of 6,375,688 shares, the days-to-cover ratio is currently 0.1 days. Approximately 16.4% of the company’s stock are sold short.

Tradr 2X Short TSLA Daily ETF Stock Down 1.3%

Shares of TSLQ opened at $22.16 on Friday. Tradr 2X Short TSLA Daily ETF has a twelve month low of $14.77 and a twelve month high of $51.45. The stock has a market capitalization of $90.63 million, a P/E ratio of 36.35 and a beta of -1.91. The company has a 50 day moving average of $21.04 and a 200-day moving average of $21.20.

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.