Tradr 2X Short TSLA Daily ETF (TSLQ)
Tradr 2X Short TSLA Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $24.32, up 3.18% on the session, giving a market capitalisation of $1.51B. Its beta of -1.91 implies it has historically moved less than the broad market.
Tradr 2X Short TSLA Daily ETF (TSLQ) is an actively managed exchange-traded fund whose manager typically allocates at least 80% of its portfolio, under normal market conditions, to financial instruments designed to deliver returns inversely proportional to TSLA's daily stock performance. The fund's primary objective is to achieve, on a strictly daily basis and before fees and expenses, a performance that is the exact opposite (-100%) of TSLA's return for that specific day. It's crucial to understand that this inverse performance target is intended for a single day only and is not designed to be maintained over longer periods. This is primarily accomplished through the use of one or more swap agreements linked to TSLA. Additionally, this fund operates as a non-diversified investment vehicle.
Tradr 2X Short TSLA Daily ETF is most often compared with the following Financial Services names: