Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Short Interest Up 65.8% in May

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 2,537,665 shares, a growth of 65.8% from the May 14th total of 1,530,675 shares. Based on an average daily trading volume, of 9,329,731 shares, the short-interest ratio is presently 0.3 days. Currently, 35.6% of the company’s stock are sold short.

Tradr 2X Short TSLA Daily ETF Trading Up 2.7%

NASDAQ:TSLQ opened at $18.44 on Tuesday. The company’s 50 day moving average is $20.56 and its two-hundred day moving average is $20.56. The company has a market cap of $131.29 million, a PE ratio of 36.35 and a beta of -1.79. Tradr 2X Short TSLA Daily ETF has a twelve month low of $14.77 and a twelve month high of $63.99.

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

A hedge fund recently raised its stake in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC boosted its holdings in shares of Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 12.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 2.24% of Tradr 2X Short TSLA Daily ETF worth $2,795,000 at the end of the most recent reporting period.

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.