AXS Tesla Bear Daily ETF (NASDAQ:TSLQ) Sees Large Drop in Short Interest

AXS Tesla Bear Daily ETF (NASDAQ:TSLQ) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 160,200 shares, a decrease of 35.1% from the March 31st total of 247,000 shares. Based on an average trading volume of 3,510,400 shares, the days-to-cover ratio is currently 0.0 days.

AXS Tesla Bear Daily ETF Stock Performance

Shares of NASDAQ:TSLQ opened at $38.98 on Monday. AXS Tesla Bear Daily ETF has a 52-week low of $26.25 and a 52-week high of $56.98. The stock’s fifty day simple moving average is $38.74 and its 200-day simple moving average is $35.44.

About AXS Tesla Bear 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.