Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Sees Significant Decline in Short Interest

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 153,787 shares, a drop of 50.3% from the December 15th total of 309,474 shares. Approximately 6.4% of the company’s shares are short sold. Based on an average daily volume of 472,106 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 472,106 shares, the days-to-cover ratio is currently 0.3 days. Approximately 6.4% of the company’s shares are short sold.

Tradr 1X Short Innovation Daily ETF Price Performance

NASDAQ:SARK opened at $27.97 on Thursday. Tradr 1X Short Innovation Daily ETF has a 1 year low of $26.68 and a 1 year high of $74.56. The stock has a 50-day moving average price of $29.99 and a two-hundred day moving average price of $30.94.

Tradr 1X Short Innovation Daily ETF Announces Dividend

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