ARK Israel Innovative Technology ETF (BATS:IZRL) Sees Significant Decline in Short Interest

ARK Israel Innovative Technology ETF (BATS:IZRL) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 24,388 shares, a decline of 40.5% from the July 30th total of 41,013 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 12,844 shares, the days-to-cover ratio is currently 1.9 days.

ARK Israel Innovative Technology ETF Stock Performance

Shares of BATS IZRL opened at $29.00 on Wednesday. The company’s fifty day moving average price is $29.85 and its 200 day moving average price is $29.48. ARK Israel Innovative Technology ETF has a 1 year low of $25.96 and a 1 year high of $32.76. The company has a market capitalization of $124.70 million, a PE ratio of 26.42 and a beta of 1.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ARK Israel Innovative Technology ETF stock. Provenance Wealth Advisors LLC bought a new position in ARK Israel Innovative Technology ETF (BATS:IZRL) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 3,448 shares of the company’s stock, valued at approximately $93,000. Provenance Wealth Advisors LLC owned about 0.08% of ARK Israel Innovative Technology ETF as of its most recent SEC filing.

About ARK Israel Innovative Technology ETF

The ARK Israel Innovative Technology ETF (IZRL) is an exchange-traded fund that is based on the ARK Israeli Innovation (USD)(TR) index. The fund tracks an equally weighted index of Israeli companies causing advancements in the areas of genomics, health care, biotechnology, industrials, manufacturing, and IT. IZRL was launched on Dec 5, 2017 and is managed by ARK.