Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Sees Large Decrease in Short Interest

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 42,302 shares, a decrease of 94.5% from the February 12th total of 769,238 shares. Based on an average daily volume of 544,622 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.1% of the company’s shares are short sold. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 544,622 shares, the days-to-cover ratio is presently 0.1 days.

Tradr 1X Short Innovation Daily ETF Trading Up 2.1%

SARK traded up $0.64 during trading on Tuesday, hitting $31.10. 326,004 shares of the stock were exchanged, compared to its average volume of 639,617. The firm has a 50 day simple moving average of $30.41 and a 200 day simple moving average of $30.14. Tradr 1X Short Innovation Daily ETF has a 1 year low of $26.68 and a 1 year high of $74.56.

Tradr 1X Short Innovation Daily ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.8523 per share. The ex-dividend date was Tuesday, December 23rd. This represents a dividend yield of 295.0%.

Tradr 1X Short Innovation Daily ETF Company Profile

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.