Short Interest in ARK Israel Innovative Technology ETF (BATS:IZRL) Decreases By 53.3%

ARK Israel Innovative Technology ETF (BATS:IZRL) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 39,375 shares, a decline of 53.3% from the May 14th total of 84,401 shares. Based on an average daily trading volume, of 14,623 shares, the short-interest ratio is presently 2.7 days. Approximately 0.9% of the shares of the company are short sold.

ARK Israel Innovative Technology ETF Stock Up 0.4%

IZRL traded up $0.11 during trading on Friday, reaching $30.45. 12,719 shares of the company’s stock were exchanged, compared to its average volume of 21,715. ARK Israel Innovative Technology ETF has a fifty-two week low of $23.65 and a fifty-two week high of $32.76. The business has a 50 day moving average price of $30.08 and a 200 day moving average price of $29.65. The company has a market capitalization of $130.94 million, a P/E ratio of 26.42 and a beta of 1.04.

Institutional Investors Weigh In On ARK Israel Innovative Technology ETF

A hedge fund recently bought a new stake in ARK Israel Innovative Technology ETF stock. Provenance Wealth Advisors LLC bought a new stake in ARK Israel Innovative Technology ETF (BATS:IZRL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,448 shares of the company’s stock, valued at approximately $93,000. Provenance Wealth Advisors LLC owned approximately 0.08% of ARK Israel Innovative Technology ETF as of its most recent filing with the SEC.

About ARK Israel Innovative Technology ETF

The ARK Israel Innovative Technology ETF (IZRL) is an exchange-traded fund that is based on the ARK Israeli Innovation (USD)(TR) index. The fund tracks an equally weighted index of Israeli companies causing advancements in the areas of genomics, health care, biotechnology, industrials, manufacturing, and IT. IZRL was launched on Dec 5, 2017 and is managed by ARK.