Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Short Interest Up 94.5% in May

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 67,422 shares, a growth of 94.5% from the May 14th total of 34,670 shares. Based on an average trading volume of 208,459 shares, the days-to-cover ratio is currently 0.3 days. Currently, 2.9% of the shares of the stock are short sold.

Tradr 1X Short Innovation Daily ETF Price Performance

NASDAQ SARK traded up $0.03 on Friday, reaching $28.92. The company’s stock had a trading volume of 322,863 shares, compared to its average volume of 519,880. Tradr 1X Short Innovation Daily ETF has a twelve month low of $26.68 and a twelve month high of $41.64. The firm’s 50 day moving average is $29.21 and its two-hundred day moving average is $30.12.

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