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

Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) gapped down prior to trading on Tuesday . The stock had previously closed at $70.50, but opened at $68.66. Tradr 2X Short TSLA Daily ETF shares last traded at $70.85, with a volume of 6,539,136 shares changing hands.

Tradr 2X Short TSLA Daily ETF Price Performance

The firm has a market capitalization of $490.24 million, a price-to-earnings ratio of 90.38 and a beta of 3.46. The firm’s 50-day moving average price is $32.30 and its 200 day moving average price is $73.19.

Tradr 2X Short TSLA Daily ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $1.3242 per share. 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 stake in Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.