AXS TSLA Bear Daily ETF Price & Performance (TSLQ)

The AXS TSLA Bear Daily ETF (TSLQ) experienced a sharp 19.57% drop on Friday, closing at $27.04 after fluctuating between $26.52 and $33.57. Trading volumes soared to 32 million shares, yet technical signals remain negative. Analysts expect continued weakness in the short term, citing high volatility and increased risk.12

A comparison of the AXS TSLA Bear Daily ETF (TSLQ) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) shows a negative correlation of -0.55, meaning their prices often move in opposite directions. This relationship can help investors manage risk and balance portfolios during periods of market instability.31

Recent market weakness has prompted traders to increase short positions on the FTSE100, reflecting broader caution as U.S. earnings season unfolds. The move comes after a period of reduced hedging, signaling persistent uncertainty and a defensive stance amid ongoing global economic and geopolitical pressures.45