Short Interest in Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) Drops By 19.0%

Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 842,900 shares, a decline of 19.0% from the July 15th total of 1,040,000 shares. Based on an average trading volume of 756,000 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tradr 2X Short Innovation Daily ETF stock. Nicholas Hoffman & Company LLC. acquired a new position in shares of Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $403,000. Nicholas Hoffman & Company LLC. owned about 0.31% of Tradr 2X Short Innovation Daily ETF at the end of the most recent reporting period.

Tradr 2X Short Innovation Daily ETF Trading Down 0.9 %

NASDAQ:SARK traded down $0.28 during trading hours on Friday, reaching $31.13. 313,926 shares of the stock were exchanged, compared to its average volume of 1,187,597. Tradr 2X Short Innovation Daily ETF has a twelve month low of $24.95 and a twelve month high of $46.34. The firm has a 50 day moving average of $31.16 and a 200 day moving average of $29.57.

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.