Short Interest in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Drops By 16.5%

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 339,600 shares, a decline of 16.5% from the February 13th total of 406,800 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average daily volume of 10,301,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Tradr 2X Short TSLA Daily ETF

An institutional investor recently bought a new position in Tradr 2X Short TSLA Daily ETF stock. Jump Financial LLC bought a new position in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 quarter.

Tradr 2X Short TSLA Daily ETF Stock Up 10.8 %

Shares of TSLQ traded up $6.37 on Tuesday, hitting $65.43. The company’s stock had a trading volume of 4,856,950 shares, compared to its average volume of 3,647,685. The firm’s fifty day moving average price is $35.45 and its 200-day moving average price is $68.83. Tradr 2X Short TSLA Daily ETF has a fifty-two week low of $20.47 and a fifty-two week high of $287.52. The firm has a market capitalization of $482.88 million, a price-to-earnings ratio of 73.46 and a beta of 3.46.

Tradr 2X Short TSLA Daily ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $1.3242 dividend. The ex-dividend date was Monday, December 23rd.

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.