Tradr 2X Long Innovation ETF (NASDAQ:TARK) Sees Significant Decline in Short Interest

Tradr 2X Long Innovation ETF (NASDAQ:TARK) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 32,708 shares, a drop of 36.1% from the July 30th total of 51,178 shares. Approximately 9.3% of the shares of the company are sold short. Based on an average daily volume of 11,102 shares, the days-to-cover ratio is currently 2.9 days.

Tradr 2X Long Innovation ETF Stock Performance

Shares of TARK traded down $1.24 during trading hours on Tuesday, hitting $50.33. The stock had a trading volume of 911 shares, compared to its average volume of 23,020. The firm has a 50-day moving average price of $45.43 and a 200 day moving average price of $43.40. Tradr 2X Long Innovation ETF has a fifty-two week low of $30.70 and a fifty-two week high of $94.00.

Tradr 2X Long Innovation ETF Company Profile

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.