Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Sees Significant Increase in Short Interest

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 228,853 shares, a growth of 196.6% from the January 15th total of 77,166 shares. Approximately 11.1% of the company’s stock are short sold. Based on an average trading volume of 502,628 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 502,628 shares, the short-interest ratio is currently 0.5 days. Approximately 11.1% of the company’s stock are short sold.

Tradr 1X Short Innovation Daily ETF Trading Up 0.9%

Shares of NASDAQ SARK opened at $32.58 on Thursday. Tradr 1X Short Innovation Daily ETF has a twelve month low of $26.68 and a twelve month high of $74.56. The business has a 50 day simple moving average of $29.66 and a 200-day simple moving average of $30.39.

Tradr 1X Short Innovation Daily ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors of record on Tuesday, December 23rd were given a dividend of $0.8523 per share. The ex-dividend date was Tuesday, December 23rd. This represents a yield of 295.0%.

About Tradr 1X Short Innovation Daily ETF

The AXS Short Innovation Daily ETF (SARK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively-managed fund that seeks to achieve -1x the return, for a single day, of the ARK Innovation ETF (ARKK) through swap agreements with major global financial institutions. SARK was launched on Nov 9, 2021 and is managed by AXS Investments.