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

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) saw 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. Currently, 4.6% of the shares of the company are sold short. Based on an average trading volume of 10,301,300 shares, the days-to-cover ratio is currently 0.0 days.

Tradr 2X Short TSLA Daily ETF Trading Down 9.2 %

Shares of TSLQ opened at $59.35 on Thursday. The company has a market capitalization of $438.00 million, a price-to-earnings ratio of 73.46 and a beta of 3.46. The stock has a 50 day moving average of $36.86 and a 200 day moving average of $67.99. Tradr 2X Short TSLA Daily ETF has a 12 month low of $20.47 and a 12 month high of $287.52.

Tradr 2X Short TSLA Daily ETF Cuts Dividend

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

Institutional Trading of Tradr 2X Short TSLA Daily ETF

A hedge fund recently bought a new stake in Tradr 2X Short TSLA Daily ETF stock. Jump Financial LLC bought a new position in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,901 shares of the company’s stock, valued at approximately $774,000. Jump Financial LLC owned about 0.39% of Tradr 2X Short TSLA Daily ETF 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.