Tradr 2X Long Innovation ETF (NASDAQ:TARK) Trading 7.5% Higher – Time to Buy?

Shares of Tradr 2X Long Innovation ETF (NASDAQ:TARK) traded up 7.5% on Wednesday . The stock traded as high as $94.00 and last traded at $93.47. 76,539 shares changed hands during trading, a decline of 30% from the average session volume of 108,629 shares. The stock had previously closed at $86.92.

Tradr 2X Long Innovation ETF Stock Performance

The business’s 50-day moving average is $69.42 and its two-hundred day moving average is $51.35.

Hedge Funds Weigh In On Tradr 2X Long Innovation ETF

An institutional investor recently raised its position in Tradr 2X Long Innovation ETF stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Tradr 2X Long Innovation ETF (NASDAQ:TARK) by 143.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,625 shares of the company’s stock after purchasing an additional 2,137 shares during the quarter. Thurston Springer Miller Herd & Titak Inc. owned approximately 0.52% of Tradr 2X Long Innovation ETF worth $204,000 as of its most recent SEC filing.

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.