Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Sees Significant Drop in Short Interest

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 153,787 shares, a drop of 50.3% from the December 15th total of 309,474 shares. Based on an average daily volume of 472,106 shares, the days-to-cover ratio is currently 0.3 days. Approximately 6.4% of the shares of the company are sold short. Approximately 6.4% of the shares of the company are sold short. Based on an average daily volume of 472,106 shares, the days-to-cover ratio is currently 0.3 days.

Tradr 1X Short Innovation Daily ETF Stock Performance

Tradr 1X Short Innovation Daily ETF stock opened at $28.36 on Friday. The business has a 50 day simple moving average of $29.92 and a 200-day simple moving average of $30.87. Tradr 1X Short Innovation Daily ETF has a 12 month low of $26.68 and a 12 month high of $74.56.

Tradr 1X Short Innovation Daily ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.8523 per share. The ex-dividend date was Tuesday, December 23rd. This represents a yield of 295.0%.

About Tradr 1X 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. SARK was launched on Nov 9, 2021 and is managed by AXS Investments.