Short Interest in Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Expands By 229.8%

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 264,763 shares, an increase of 229.8% from the March 15th total of 80,286 shares. Based on an average daily volume of 825,002 shares, the short-interest ratio is presently 0.3 days. Approximately 11.4% of the company’s shares are sold short.

Tradr 1X Short Innovation Daily ETF Stock Performance

Shares of SARK stock traded down $0.08 during trading hours on Friday, hitting $32.33. 232,282 shares of the company were exchanged, compared to its average volume of 648,826. Tradr 1X Short Innovation Daily ETF has a fifty-two week low of $26.68 and a fifty-two week high of $59.11. The company has a 50 day simple moving average of $32.06 and a two-hundred day simple moving average of $30.23.

About Tradr 1X 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. SARK was launched on Nov 9, 2021 and is managed by AXS Investments.