Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Sees Large Growth in Short Interest

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,980,000 shares, a growth of 78.4% from the August 15th total of 1,110,000 shares. Currently, 8.8% of the shares of the company are short sold. Based on an average daily trading volume, of 28,877,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 28,877,800 shares, the days-to-cover ratio is presently 0.1 days. Currently, 8.8% of the shares of the company are short sold.

Tradr 2X Short TSLA Daily ETF Stock Performance

Shares of TSLQ opened at $10.38 on Monday. Tradr 2X Short TSLA Daily ETF has a 1 year low of $10.35 and a 1 year high of $162.36. The stock has a market capitalization of $233.24 million, a P/E ratio of 36.35 and a beta of 3.46. The company’s fifty day moving average is $16.06 and its two-hundred day moving average is $26.59.

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. Jump Financial LLC increased its stake in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 2,311.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 664,092 shares of the company’s stock after purchasing an additional 636,550 shares during the quarter. Jump Financial LLC owned 2.96% of Tradr 2X Short TSLA Daily ETF worth $12,126,000 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.