Tradr 2X Long Innovation ETF (NASDAQ:TARK) Sees Large Decrease in Short Interest

Tradr 2X Long Innovation ETF (NASDAQ:TARK) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 6,625 shares, a drop of 48.8% from the February 26th total of 12,940 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 18,588 shares, the days-to-cover ratio is currently 0.4 days.

Tradr 2X Long Innovation ETF Stock Performance

Tradr 2X Long Innovation ETF stock traded down $0.05 during midday trading on Thursday, hitting $37.89. 433 shares of the company were exchanged, compared to its average volume of 33,588. Tradr 2X Long Innovation ETF has a fifty-two week low of $18.25 and a fifty-two week high of $94.00. The company’s fifty day moving average price is $43.20 and its 200-day moving average price is $60.59.

About Tradr 2X Long Innovation ETF

The AXS 2X Innovation ETF (TARK) is an exchange-traded fund that is based on the ARK Innovation ETF index. The fund is an actively-managed fund-of-fund that seeks to achieve 2x the return, for a single day, of the ARK Innovation ETF (ARKK) through swap agreements with major global financial institutions. TARK was launched on May 2, 2022 and is managed by AXS Investments.