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

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 946,324 shares, a drop of 62.7% from the May 31st total of 2,537,665 shares. Based on an average daily trading volume, of 8,311,991 shares, the days-to-cover ratio is currently 0.1 days. Currently, 13.3% of the company’s shares are short sold.

Tradr 2X Short TSLA Daily ETF Stock Down 6.1%

Shares of TSLQ traded down $1.28 during mid-day trading on Monday, hitting $19.62. 1,632,453 shares of the company’s stock traded hands, compared to its average volume of 11,210,462. The firm has a market capitalization of $139.69 million, a P/E ratio of 36.35 and a beta of -1.79. The business’s 50-day moving average price is $19.35 and its 200-day moving average price is $20.41. Tradr 2X Short TSLA Daily ETF has a 1 year low of $14.77 and a 1 year high of $63.99.

Hedge Funds Weigh In On Tradr 2X Short TSLA Daily ETF

An institutional investor recently raised its position in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC raised 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 347,220 shares of the company’s stock after buying an additional 38,220 shares during the quarter. Flow Traders U.S. LLC owned about 2.24% of Tradr 2X Short TSLA Daily ETF worth $2,795,000 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.