Short Interest in ARK Israel Innovative Technology ETF (BATS:IZRL) Drops By 40.5%

ARK Israel Innovative Technology ETF (BATS:IZRL) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 24,388 shares, a decrease of 40.5% from the July 30th total of 41,013 shares. Based on an average daily volume of 12,844 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.6% of the company’s shares are sold short.

ARK Israel Innovative Technology ETF Trading Up 0.2%

BATS:IZRL opened at $29.47 on Tuesday. The company has a 50-day moving average price of $29.85 and a 200-day moving average price of $29.48. ARK Israel Innovative Technology ETF has a 12 month low of $25.96 and a 12 month high of $32.76. The stock has a market cap of $126.72 million, a price-to-earnings ratio of 26.42 and a beta of 1.04.

Institutional Trading of ARK Israel Innovative Technology ETF

A hedge fund recently bought a new position in ARK Israel Innovative Technology ETF stock. Provenance Wealth Advisors LLC acquired a new stake in shares of ARK Israel Innovative Technology ETF (BATS:IZRL) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 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.