Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Short Interest Up 147.0% in August

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 116,320 shares, an increase of 147.0% from the July 30th total of 47,085 shares. Approximately 7.6% of the company’s shares are sold short. Based on an average trading volume of 131,087 shares, the days-to-cover ratio is currently 0.9 days.

Tradr 1X Short Innovation Daily ETF Trading Up 3.6%

Shares of SARK stock opened at $25.25 on Friday. The business’s 50 day simple moving average is $27.41 and its 200 day simple moving average is $29.25. Tradr 1X Short Innovation Daily ETF has a one year low of $24.28 and a one year high of $35.67.

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.