Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Trading Up 2% – Should You Buy?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) shares were up 2% during trading on Friday . The company traded as high as $29.15 and last traded at $28.10. Approximately 25,098,187 shares traded hands during mid-day trading, an increase of 141% from the average daily volume of 10,434,526 shares. The stock had previously closed at $27.56.

Tradr 2X Short TSLA Daily ETF Price Performance

The stock has a market capitalization of $436.11 million, a price-to-earnings ratio of 36.35 and a beta of -1.77. The business has a fifty day moving average of $24.47 and a 200 day moving average of $42.61.

Institutional Trading of Tradr 2X Short TSLA Daily ETF

An institutional investor recently raised its position in Tradr 2X Short TSLA Daily ETF stock. Jump Financial LLC boosted its stake in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 2,311.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 664,092 shares of the company’s stock after buying an additional 636,550 shares during the period. Jump Financial LLC owned approximately 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.