Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Sees Large Increase in Short Interest

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 80,286 shares, a growth of 89.8% from the February 26th total of 42,302 shares. Based on an average daily trading volume, of 632,390 shares, the short-interest ratio is presently 0.1 days. Approximately 3.9% of the company’s shares are short sold.

Tradr 1X Short Innovation Daily ETF Price Performance

SARK stock traded up $0.45 during midday trading on Thursday, reaching $32.70. The company’s stock had a trading volume of 175,642 shares, compared to its average volume of 624,895. The business’s 50-day simple moving average is $31.08 and its 200-day simple moving average is $30.07. Tradr 1X Short Innovation Daily ETF has a 52 week low of $26.68 and a 52 week high of $74.56.

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.