Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Stock Short Interest Declines 38.8%

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 60,133 shares, a drop of 38.8% from the August 31st total of 98,212 shares. Based on an average daily trading volume, of 153,329 shares, the days-to-cover ratio is currently 0.4 days. Currently, 4.1% of the company’s shares are short sold.

Tradr 1X Short Innovation Daily ETF Price Performance

Shares of SARK stock traded up $0.12 during trading hours on Thursday, reaching $23.85. The company’s stock had a trading volume of 67,614 shares, compared to its average volume of 372,030. Tradr 1X Short Innovation Daily ETF has a one year low of $22.88 and a one year high of $35.67. The firm’s fifty day simple moving average is $25.98 and its 200 day simple moving average is $28.08.

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.