Tradr 2X Long SNDK Daily ETF (BATS:SNXX) Sees Significant Drop in Short Interest

Tradr 2X Long SNDK Daily ETF (BATS:SNXX) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 15,691,382 shares, a decline of 42.6% from the September 15th total of 27,329,361 shares. Based on an average trading volume of 52,400,602 shares, the days-to-cover ratio is presently 0.3 days.

Tradr 2X Long SNDK Daily ETF Stock Down 10.4%

SNXX stock opened at $10.69 on Thursday. Tradr 2X Long SNDK Daily ETF has a 12 month low of $3.14 and a 12 month high of $49.34. The business has a 50 day simple moving average of $14.76.

The Syntax Stratified Total US Market ETF (BATS:SNXX) is an exchange-traded fund designed to provide diversified exposure to the U.S. equity market. The fund invests in a broad portfolio of publicly traded companies across large-, mid- and small-cap segments and multiple industries.

SNXX uses Syntax’s stratified investment methodology, which organizes companies into business and industry groupings and seeks to distribute portfolio exposure across those groups. This approach is intended to provide broad market participation while reducing reliance on a small number of the largest companies or individual sectors.

The fund focuses on companies based in the United States and is structured for investors seeking a single-fund approach to diversified domestic equity exposure.