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

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

Tradr 2X Short TSLA Daily ETF Stock Down 14.8%

Shares of Tradr 2X Short TSLA Daily ETF stock opened at $10.38 on Monday. Tradr 2X Short TSLA Daily ETF has a 52-week low of $10.35 and a 52-week high of $162.36. The company has a 50 day moving average of $16.06 and a 200 day moving average of $26.59. The company has a market capitalization of $233.24 million, a P/E ratio of 36.35 and a beta of 3.46.

Institutional Inflows and Outflows

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

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.