Short Interest in Tradr 2X Long Innovation ETF (NASDAQ:TARK) Rises By 301.1%

Tradr 2X Long Innovation ETF (NASDAQ:TARK) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 29,657 shares, a growth of 301.1% from the May 14th total of 7,393 shares. Based on an average daily volume of 17,499 shares, the short-interest ratio is currently 1.7 days. Currently, 5.7% of the shares of the stock are short sold.

Tradr 2X Long Innovation ETF Stock Performance

Shares of NASDAQ TARK traded up $2.32 during midday trading on Thursday, reaching $42.05. 52,097 shares of the company were exchanged, compared to its average volume of 26,867. The stock’s 50-day moving average price is $43.52 and its 200-day moving average price is $47.82. Tradr 2X Long Innovation ETF has a one year low of $30.70 and a one year high of $94.00.

About Tradr 2X Long Innovation ETF

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.