Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Shares Gap Down – Time to Sell?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $53.51, but opened at $48.23. Tradr 2X Short TSLA Daily ETF shares last traded at $53.00, with a volume of 9,905,908 shares changing hands.

Tradr 2X Short TSLA Daily ETF Stock Performance

The stock’s 50 day moving average price is $42.26 and its 200 day moving average price is $57.23. The company has a market capitalization of $559.47 million, a P/E ratio of 62.24 and a beta of 3.46.

Institutional Trading of 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 acquired a new stake in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 28,901 shares of the company’s stock, valued at approximately $774,000. Jump Financial LLC owned 0.39% of Tradr 2X Short TSLA Daily ETF at the end of the most recent reporting period.

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.