Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) Shares Gap Up – Should You Buy?

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) shares gapped up prior to trading on Monday . The stock had previously closed at $53.78, but opened at $58.00. Tradr 2X Short TSLA Daily ETF shares last traded at $68.42, with a volume of 8,793,207 shares trading hands.

Tradr 2X Short TSLA Daily ETF Stock Down 15.5 %

The company’s 50 day moving average price is $33.06 and its two-hundred day moving average price is $72.47. The firm has a market cap of $405.90 million, a PE ratio of 90.38 and a beta of 3.46.

Tradr 2X Short TSLA Daily ETF Cuts Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tradr 2X Short TSLA Daily ETF stock. Jump Financial LLC bought a new position in shares of Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 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.