Tradr 2X Long Innovation ETF (NASDAQ:TARK) Sees Large Growth in Short Interest

Tradr 2X Long Innovation ETF (NASDAQ:TARK) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 16,446 shares, a growth of 148.2% from the March 15th total of 6,625 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average daily volume of 22,326 shares, the days-to-cover ratio is currently 0.7 days.

Tradr 2X Long Innovation ETF Stock Performance

TARK opened at $39.74 on Tuesday. The business has a fifty day simple moving average of $39.23 and a 200 day simple moving average of $57.23. Tradr 2X Long Innovation ETF has a 1 year low of $22.85 and a 1 year high of $94.00.

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. TARK was launched on May 2, 2022 and is managed by AXS Investments.