Short Interest in Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) Drops By 61.0%

Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 346,500 shares, a decline of 61.0% from the October 31st total of 889,100 shares. Based on an average daily volume of 208,100 shares, the days-to-cover ratio is currently 1.7 days.

Tradr 2X Short Innovation Daily ETF Stock Performance

SARK stock traded down $0.69 during trading hours on Wednesday, reaching $51.27. The stock had a trading volume of 86,150 shares, compared to its average volume of 335,398. The stock has a 50-day simple moving average of $23.99 and a 200 day simple moving average of $28.35. Tradr 2X Short Innovation Daily ETF has a fifty-two week low of $48.54 and a fifty-two week high of $132.54.

Hedge Funds Weigh In On Tradr 2X Short Innovation Daily ETF

A hedge fund recently raised its stake in Tradr 2X Short Innovation Daily ETF stock. Nicholas Hoffman & Company LLC. raised its position in Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) by 33.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company’s stock after buying an additional 5,000 shares during the quarter. Nicholas Hoffman & Company LLC. owned 0.71% of Tradr 2X Short Innovation Daily ETF worth $521,000 at the end of the most recent reporting period.

About Tradr 2X Short Innovation Daily ETF

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.