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

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 153,787 shares, a decrease of 50.3% from the December 15th total of 309,474 shares. Based on an average trading volume of 472,106 shares, the days-to-cover ratio is presently 0.3 days. Approximately 6.4% of the shares of the stock are sold short. Approximately 6.4% of the shares of the stock are sold short. Based on an average trading volume of 472,106 shares, the days-to-cover ratio is presently 0.3 days.

Tradr 1X Short Innovation Daily ETF Stock Performance

Shares of NASDAQ:SARK traded up $0.19 during trading on Friday, reaching $28.36. The stock had a trading volume of 341,954 shares, compared to its average volume of 524,541. Tradr 1X Short Innovation Daily ETF has a 1-year low of $26.68 and a 1-year high of $74.56. The business has a fifty day moving average price of $29.92 and a 200-day moving average price of $30.87.

Tradr 1X Short Innovation Daily ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.8523 per share. This represents a yield of 295.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.