Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Sees Significant Growth in Short Interest

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

Tradr 1X Short Innovation Daily ETF Price Performance

SARK stock opened at $24.59 on Friday. The firm has a fifty day moving average price of $27.45 and a 200 day moving average price of $29.28. Tradr 1X Short Innovation Daily ETF has a fifty-two week low of $24.28 and a fifty-two week high of $35.67.

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.