Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Short Interest Up 134.4% in May

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,530,675 shares, a growth of 134.4% from the April 30th total of 653,036 shares. Based on an average daily volume of 11,514,394 shares, the short-interest ratio is currently 0.1 days. Currently, 21.5% of the shares of the stock are short sold.

Tradr 2X Short TSLA Daily ETF Stock Performance

Shares of NASDAQ TSLQ traded up $0.47 during mid-day trading on Friday, reaching $16.64. The company had a trading volume of 7,925,085 shares, compared to its average volume of 11,981,339. Tradr 2X Short TSLA Daily ETF has a one year low of $14.77 and a one year high of $75.63. The firm has a market cap of $118.48 million, a price-to-earnings ratio of 36.35 and a beta of -1.72. The business’s 50-day simple moving average is $21.85 and its 200 day simple moving average is $21.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC increased its stake in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 12.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm 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 approximately 2.24% of Tradr 2X Short TSLA Daily ETF worth $2,795,000 as of its most recent filing with the SEC.

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.