Short Interest in Tradr 2X Long Innovation ETF (NASDAQ:TARK) Drops By 48.8%

Tradr 2X Long Innovation ETF (NASDAQ:TARK) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,625 shares, a decrease of 48.8% from the February 26th total of 12,940 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 18,588 shares, the days-to-cover ratio is presently 0.4 days.

Tradr 2X Long Innovation ETF Price Performance

Shares of TARK stock opened at $35.23 on Friday. Tradr 2X Long Innovation ETF has a 12-month low of $18.25 and a 12-month high of $94.00. The firm has a fifty day moving average of $42.82 and a 200-day moving average of $60.42.

Tradr 2X Long Innovation ETF Company Profile

The AXS 2X Innovation ETF (TARK) is an exchange-traded fund that is based on the ARK Innovation ETF index. The fund is an actively-managed fund-of-fund that seeks to achieve 2x the return, for a single day, of the ARK Innovation ETF (ARKK) through swap agreements with major global financial institutions. TARK was launched on May 2, 2022 and is managed by AXS Investments.