Tradr 2X Long Innovation ETF (NASDAQ:TARK) Short Interest Down 36.1% in August

Tradr 2X Long Innovation ETF (NASDAQ:TARK) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 32,708 shares, a decline of 36.1% from the July 30th total of 51,178 shares. Based on an average trading volume of 11,102 shares, the short-interest ratio is presently 2.9 days. Approximately 9.3% of the shares of the company are sold short.

Tradr 2X Long Innovation ETF Stock Down 5.5%

Shares of TARK stock opened at $48.75 on Wednesday. The stock’s 50-day moving average is $45.53 and its two-hundred day moving average is $43.46. Tradr 2X Long Innovation ETF has a 1 year low of $30.70 and a 1 year high of $94.00.

Tradr 2X Long Innovation ETF Company Profile

The AXS 2X Innovation ETF (TARK) is an exchange-traded fund that is based on the ARK Innovation ETF index. The fund is an actively-managed fund-of-fund that seeks to achieve 2x the return, for a single day, of the ARK Innovation ETF (ARKK) through swap agreements with major global financial institutions. TARK was launched on May 2, 2022 and is managed by AXS Investments.