ARK Israel Innovative Technology ETF (BATS:IZRL) Shares Shorted: Short Interest Down 50.6% in September

ARK Israel Innovative Technology ETF (BATS:IZRL) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 6,645 shares, a decline of 50.6% from the August 31st total of 13,446 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 8,496 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On ARK Israel Innovative Technology ETF

A hedge fund recently bought a new position in ARK Israel Innovative Technology ETF stock. Provenance Wealth Advisors LLC purchased a new stake in shares of ARK Israel Innovative Technology ETF (BATS:IZRL) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 at the end of the most recent reporting period.

ARK Israel Innovative Technology ETF Stock Performance

Shares of IZRL opened at $28.16 on Tuesday. The firm has a market capitalization of $121.09 million, a P/E ratio of 26.42 and a beta of 1.04. ARK Israel Innovative Technology ETF has a 52 week low of $25.96 and a 52 week high of $32.76. The stock has a 50 day moving average price of $29.26 and a two-hundred day moving average price of $29.54.

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.