Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Short Interest Up 94.5% in May

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 67,422 shares, a growth of 94.5% from the May 14th total of 34,670 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily volume of 208,459 shares, the days-to-cover ratio is currently 0.3 days.

Tradr 1X Short Innovation Daily ETF Trading Up 0.1%

SARK traded up $0.03 during trading on Friday, reaching $28.92. The company had a trading volume of 322,863 shares, compared to its average volume of 519,880. The firm’s 50-day simple moving average is $29.21 and its 200 day simple moving average is $30.12. Tradr 1X Short Innovation Daily ETF has a 12-month low of $26.68 and a 12-month high of $41.64.

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.