Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Shares Up 3.6% – What’s Next?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ)’s stock price shot up 3.6% on Tuesday . The company traded as high as $29.38 and last traded at $27.95. 10,503,520 shares were traded during trading, a decline of 16% from the average session volume of 12,498,046 shares. The stock had previously closed at $26.99.

Tradr 2X Short TSLA Daily ETF Stock Up 3.6%

The company has a market cap of $212.42 million, a PE ratio of 36.35 and a beta of -1.86. The stock’s 50 day simple moving average is $22.19 and its two-hundred day simple moving average is $21.88.

Hedge Funds 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 stake in shares of Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 reporting period.

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.