Short Interest in Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Decreases By 78.9%

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 55,831 shares, a decline of 78.9% from the March 31st total of 264,763 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 507,888 shares, the short-interest ratio is presently 0.1 days.

Tradr 1X Short Innovation Daily ETF Price Performance

NASDAQ:SARK opened at $29.03 on Monday. The stock’s 50 day simple moving average is $31.37 and its 200-day simple moving average is $30.28. Tradr 1X Short Innovation Daily ETF has a 12-month low of $26.68 and a 12-month high of $52.92.

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.