Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Stock Price Down 0.3% – Should You Sell?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) shares traded down 0.3% on Thursday . The company traded as low as $17.32 and last traded at $18.11. 8,076,858 shares were traded during mid-day trading, a decline of 33% from the average session volume of 12,137,277 shares. The stock had previously closed at $18.17.

Tradr 2X Short TSLA Daily ETF Trading Down 3.8%

The firm has a 50-day moving average price of $22.41 and a 200-day moving average price of $21.28. The company has a market capitalization of $124.10 million, a price-to-earnings ratio of 36.35 and a beta of -1.72.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tradr 2X Short TSLA Daily ETF stock. Flow Traders U.S. LLC boosted its holdings in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 347,220 shares of the company’s stock after acquiring an additional 38,220 shares during the quarter. Flow Traders U.S. LLC owned about 2.24% of Tradr 2X Short TSLA Daily ETF worth $2,795,000 as of its most recent SEC filing.

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.