Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Short Interest Down 43.6% in May

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 1,680,000 shares, a decrease of 43.6% from the May 15th total of 2,980,000 shares. Based on an average daily trading volume, of 23,143,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 12.7% of the company’s shares are sold short.

Tradr 2X Short TSLA Daily ETF Trading Down 2.5%

NASDAQ:TSLQ traded down $0.46 during trading hours on Monday, hitting $17.48. 16,248,293 shares of the stock traded hands, compared to its average volume of 9,724,610. The firm has a market cap of $231.47 million, a price-to-earnings ratio of 36.35 and a beta of 3.46. The firm has a 50 day moving average price of $26.00 and a 200 day moving average price of $32.30. Tradr 2X Short TSLA Daily ETF has a fifty-two week low of $15.23 and a fifty-two week high of $246.66.

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 purchased a new stake in shares of Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,901 shares of the company’s stock, valued at approximately $774,000. Jump Financial LLC owned approximately 0.39% of Tradr 2X Short TSLA Daily ETF 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.