Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) Short Interest Update

Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 1,040,000 shares, a decline of 41.2% from the June 30th total of 1,770,000 shares. Based on an average daily trading volume, of 704,800 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Tradr 2X Short Innovation Daily ETF

An institutional investor recently bought a new position in Tradr 2X Short Innovation Daily ETF stock. Nicholas Hoffman & Company LLC. acquired a new stake in Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,000 shares of the company’s stock, valued at approximately $403,000. Nicholas Hoffman & Company LLC. owned approximately 0.31% of Tradr 2X Short Innovation Daily ETF as of its most recent filing with the Securities & Exchange Commission.

Tradr 2X Short Innovation Daily ETF Price Performance

Shares of SARK stock traded down $0.85 on Friday, hitting $29.92. The stock had a trading volume of 915,738 shares, compared to its average volume of 1,194,311. The company’s 50 day moving average price is $29.96 and its 200-day moving average price is $29.00. Tradr 2X Short Innovation Daily ETF has a 1 year low of $24.95 and a 1 year high of $46.34.

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.