Tradr 2X Long Innovation ETF (NASDAQ:TARK) Stock Price Up 4.5% – Still a Buy?

Tradr 2X Long Innovation ETF (NASDAQ:TARK) rose 4.5% during mid-day trading on Friday . The company traded as high as $58.15 and last traded at $56.57. Approximately 82,586 shares traded hands during trading, a decline of 24% from the average daily volume of 108,040 shares. The stock had previously closed at $54.13.

Tradr 2X Long Innovation ETF Trading Up 4.5%

The company’s 50-day moving average is $77.55 and its 200 day moving average is $62.23.

Hedge Funds Weigh In On Tradr 2X Long Innovation ETF

A hedge fund recently raised its stake in Tradr 2X Long Innovation ETF stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Tradr 2X Long Innovation ETF (NASDAQ:TARK) by 143.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,625 shares of the company’s stock after purchasing an additional 2,137 shares during the quarter. Thurston Springer Miller Herd & Titak Inc. owned approximately 0.52% of Tradr 2X Long Innovation ETF worth $204,000 at the end of the most recent reporting period.

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.