Short Interest in Tradr 2X Long Innovation ETF (NASDAQ:TARK) Expands By 301.1%

Tradr 2X Long Innovation ETF (NASDAQ:TARK) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 29,657 shares, an increase of 301.1% from the May 14th total of 7,393 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average daily volume of 17,499 shares, the days-to-cover ratio is presently 1.7 days.

Tradr 2X Long Innovation ETF Stock Performance

Shares of TARK stock traded up $0.27 during trading on Friday, hitting $42.46. 48,614 shares of the company were exchanged, compared to its average volume of 27,090. The business’s 50-day simple moving average is $43.66 and its 200 day simple moving average is $47.72. Tradr 2X Long Innovation ETF has a twelve month low of $30.70 and a twelve month 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.