Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Shares Down 3.9% – What’s Next?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ)’s share price traded down 3.9% on Wednesday . The stock traded as low as $19.83 and last traded at $20.14. 7,844,375 shares were traded during trading, a decline of 45% from the average session volume of 14,298,430 shares. The stock had previously closed at $20.96.

Tradr 2X Short TSLA Daily ETF Price Performance

The stock has a market cap of $220.73 million, a price-to-earnings ratio of 36.35 and a beta of -1.77. The firm has a fifty day moving average of $19.11 and a 200 day moving average of $25.53.

Tradr 2X Short TSLA Daily ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $1.9184 per share. This represents a dividend yield of 1,242.0%. The ex-dividend date was Monday, December 22nd.

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

An institutional investor recently raised its position in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC boosted 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 and Exchange Commission (SEC). The firm owned 347,220 shares of the company’s stock after purchasing 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 at the end of the most recent quarter.

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.