Tradr 2X Short TSLA Daily ETF (TSLQ) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times the inverse (-200%) of the daily performance of Tesla, Inc. (TSLA) common shares. The fund employs derivative instruments, including swap agreements, contracts for difference and total return swaps, to achieve its leveraged inverse exposure; it is designed as a short-term trading vehicle for sophisticated investors and professional traders expressing bearish views on TSLA stock, with performance likely differing significantly from -2x TSLA over periods longer than one day due to compounding effects. TSLQ operates within the consumer discretionary sector, specifically targeting the automobiles and components industry, and is listed on Nasdaq with options trading available.
Launched on July 13, 2022, by AXS Investments LLC under Investment Managers Series Trust II, TSLQ was originally branded as AXS TSLA Bear Daily ETF. In May 2024, AXS Investments introduced the Tradr ETFs brand, rebranding TSLQ and three companion funds—SARK, TARK and NVDS—to form a suite of leveraged and inverse ETFs tailored for shorter-term horizons; this rebranding maintained existing tickers, CUSIPs and strategies while expanding the product family.
Recent developments include leverage adjustments announced for TSLQ alongside SARK and NVDS, with increases now in effect to enhance short exposure capabilities. In October 2025, TSLQ executed a one-for-three (1:3) reverse stock split effective October 21, 2025, changing its CUSIP to 46092D384 to adjust share structure amid ongoing volatility. The fund's investment advisor contractually caps total annual operating expenses at 1.15% (excluding certain costs like swaps and leverage interest) through July 31, 2025; total net assets exceed $296 million with an expense ratio of 1.17%.
Tradr ETFs, including TSLQ, are managed from New York by AXS Investments, which oversees a broader lineup of over 40 leveraged long and short daily, monthly and quarterly reset ETFs providing amplified exposure to prominent stocks and indices across U.S. markets. The funds target self-directed retail and institutional traders seeking high-conviction, tactical positions, with geographic focus on U.S.-listed securities.