Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Shares Gap Up – Should You Buy?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) gapped up prior to trading on Thursday . The stock had previously closed at $18.60, but opened at $19.68. Tradr 2X Short TSLA Daily ETF shares last traded at $22.83, with a volume of 49,766,036 shares.

Tradr 2X Short TSLA Daily ETF Price Performance

The stock has a market capitalization of $292.56 million, a PE ratio of 36.35 and a beta of 3.46. The business has a 50 day moving average price of $29.02 and a 200 day moving average price of $33.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tradr 2X Short TSLA Daily ETF stock. Jump Financial LLC acquired a new stake in shares of Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,901 shares of the company’s stock, valued at approximately $774,000. Jump Financial LLC owned about 0.39% of Tradr 2X Short TSLA Daily ETF at the end of the most recent reporting period.

About Tradr 2X Short TSLA Daily ETF

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.