Short Interest in Tradr 2X Long Innovation ETF (NASDAQ:TARK) Rises By 301.1%

Tradr 2X Long Innovation ETF (NASDAQ:TARK) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 29,657 shares, a growth of 301.1% from the May 14th total of 7,393 shares. Currently, 5.7% of the company’s stock are sold short. Based on an average daily trading volume, of 17,499 shares, the short-interest ratio is presently 1.7 days.

Tradr 2X Long Innovation ETF Price Performance

Shares of NASDAQ:TARK traded up $2.32 during midday trading on Thursday, reaching $42.05. The company had a trading volume of 52,097 shares, compared to its average volume of 26,867. Tradr 2X Long Innovation ETF has a 1-year low of $30.70 and a 1-year high of $94.00. The business’s 50 day moving average price is $43.52 and its 200 day moving average price is $47.82.

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.