Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Short Interest Update

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,537,665 shares, a growth of 65.8% from the May 14th total of 1,530,675 shares. Currently, 35.6% of the shares of the company are sold short. Based on an average trading volume of 9,329,731 shares, the days-to-cover ratio is presently 0.3 days.

Tradr 2X Short TSLA Daily ETF Trading Down 1.5%

Shares of TSLQ stock traded down $0.28 on Monday, hitting $18.09. 6,552,551 shares of the stock were exchanged, compared to its average volume of 11,618,992. The firm has a market capitalization of $128.80 million, a PE ratio of 36.35 and a beta of -1.79. Tradr 2X Short TSLA Daily ETF has a one year low of $14.77 and a one year high of $63.99. The firm’s 50 day moving average is $20.71 and its two-hundred day moving average is $20.60.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC lifted its position in shares of Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 347,220 shares of the company’s stock after acquiring an additional 38,220 shares during the quarter. Flow Traders U.S. LLC owned approximately 2.24% of Tradr 2X Short TSLA Daily ETF worth $2,795,000 at the end of the most recent quarter.

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.