Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) Shares Up 2.5% – Still a Buy?

Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK)’s stock price shot up 2.5% during trading on Wednesday . The company traded as high as $30.44 and last traded at $30.23. 141,445 shares changed hands during trading, a decline of 49% from the average session volume of 278,046 shares. The stock had previously closed at $29.49.

Tradr 2X Short Innovation Daily ETF Stock Performance

The firm has a 50 day moving average price of $37.03 and a two-hundred day moving average price of $63.00.

Tradr 2X Short Innovation Daily ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $6.5153 dividend. This is a positive change from Tradr 2X Short Innovation Daily ETF’s previous dividend of $3.26. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Tradr 2X Short Innovation Daily ETF

A hedge fund recently raised its stake in Tradr 2X Short Innovation Daily ETF stock. Nicholas Hoffman & Company LLC. increased its position in shares of Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) by 33.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Nicholas Hoffman & Company LLC. owned 0.71% of Tradr 2X Short Innovation Daily ETF worth $521,000 as of its most recent SEC filing.

About Tradr 2X 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.