Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Short Interest Update

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 67,422 shares, an increase of 94.5% from the May 14th total of 34,670 shares. Based on an average daily volume of 208,459 shares, the short-interest ratio is presently 0.3 days. Currently, 2.9% of the company’s shares are short sold.

Tradr 1X Short Innovation Daily ETF Price Performance

Shares of SARK stock traded down $1.49 during trading hours on Monday, reaching $27.43. 234,886 shares of the stock were exchanged, compared to its average volume of 517,357. Tradr 1X Short Innovation Daily ETF has a 12-month low of $26.68 and a 12-month high of $39.68. The company’s 50-day moving average price is $29.11 and its 200-day moving average price is $30.09.

Tradr 1X Short Innovation Daily ETF Company Profile

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.