Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) Sees Large Drop in Short Interest

Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 134,100 shares, a drop of 38.1% from the December 31st total of 216,600 shares. Based on an average daily volume of 247,200 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of 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. The institutional investor owned 20,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Nicholas Hoffman & Company LLC. owned about 0.71% of Tradr 2X Short Innovation Daily ETF worth $521,000 at the end of the most recent reporting period.

Tradr 2X Short Innovation Daily ETF Stock Up 1.0 %

SARK stock traded up $0.36 during trading on Wednesday, reaching $34.82. 52,112 shares of the company were exchanged, compared to its average volume of 290,012. Tradr 2X Short Innovation Daily ETF has a 52-week low of $32.75 and a 52-week high of $132.54. The stock’s 50 day moving average price is $42.00 and its 200 day moving average price is $69.28.

Tradr 2X Short Innovation Daily ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $6.5153 dividend. This is a boost from Tradr 2X Short Innovation Daily ETF’s previous dividend of $3.26. The ex-dividend date was Monday, December 23rd.

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.