Short Interest in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Drops By 16.5%

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQGet Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 339,600 shares, a drop of 16.5% from the February 13th total of 406,800 shares. Approximately 4.6% of the company’s shares are short sold. Based on an average daily volume of 10,301,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tradr 2X Short TSLA Daily ETF stock. Jump Financial LLC purchased a new stake in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 28,901 shares of the company’s stock, valued at approximately $774,000. Jump Financial LLC owned approximately 0.39% of Tradr 2X Short TSLA Daily ETF as of its most recent SEC filing.

Tradr 2X Short TSLA Daily ETF Stock Performance

Shares of Tradr 2X Short TSLA Daily ETF stock opened at $65.34 on Wednesday. Tradr 2X Short TSLA Daily ETF has a 52-week low of $20.47 and a 52-week high of $287.52. The stock has a market capitalization of $482.21 million, a price-to-earnings ratio of 73.46 and a beta of 3.46. The company’s 50 day moving average price is $36.22 and its 200-day moving average price is $68.05.

Tradr 2X Short TSLA Daily ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $1.3242 dividend. The ex-dividend date was Monday, December 23rd.

About Tradr 2X Short TSLA Daily ETF

(Get Free Report)

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.

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