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 during 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 trading volume of 11,514,394 shares, the days-to-cover ratio is currently 0.1 days. Approximately 21.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 347,220 shares of the company’s stock after acquiring 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 Securities & Exchange Commission.

Tradr 2X Short TSLA Daily ETF Price Performance

NASDAQ:TSLQ opened at $17.11 on Monday. The firm has a market capitalization of $121.82 million, a price-to-earnings ratio of 36.35 and a beta of -1.72. Tradr 2X Short TSLA Daily ETF has a 1 year low of $14.77 and a 1 year high of $75.63. The business has a 50 day simple moving average of $21.85 and a 200-day simple moving average of $21.09.

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.