Short Interest in Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Expands By 229.8%

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 264,763 shares, an increase of 229.8% from the March 15th total of 80,286 shares. Based on an average daily volume of 825,002 shares, the days-to-cover ratio is presently 0.3 days. Approximately 11.4% of the company’s shares are sold short.

Tradr 1X Short Innovation Daily ETF Stock Down 0.2%

Tradr 1X Short Innovation Daily ETF stock traded down $0.08 during mid-day trading on Friday, hitting $32.33. 232,282 shares of the stock were exchanged, compared to its average volume of 648,826. Tradr 1X Short Innovation Daily ETF has a 12 month low of $26.68 and a 12 month high of $59.11. The firm’s fifty day simple moving average is $32.06 and its two-hundred day simple moving average is $30.23.

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.