Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) Sees Significant Decline in Short Interest

Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 346,500 shares, a decrease of 61.0% from the October 31st total of 889,100 shares. Based on an average daily trading volume, of 208,100 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On Tradr 2X Short Innovation Daily ETF

A hedge fund recently raised its stake in Tradr 2X Short Innovation Daily ETF stock. Nicholas Hoffman & Company LLC. increased its stake in Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) by 33.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Nicholas Hoffman & Company LLC. owned about 0.71% of Tradr 2X Short Innovation Daily ETF worth $521,000 at the end of the most recent reporting period.

Tradr 2X Short Innovation Daily ETF Stock Down 3.3 %

Shares of NASDAQ SARK traded down $1.74 during midday trading on Thursday, reaching $50.22. 138,587 shares of the company’s stock were exchanged, compared to its average volume of 335,628. Tradr 2X Short Innovation Daily ETF has a 52-week low of $48.54 and a 52-week high of $132.54. The business’s fifty day moving average price is $24.44 and its two-hundred day moving average price is $28.50.

Tradr 2X 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.