Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) Short Interest Up 236.1% in February

Tradr 1X Short Innovation Daily ETF (NASDAQ:SARK) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 769,238 shares, a growth of 236.1% from the January 29th total of 228,853 shares. Approximately 37.3% of the company’s stock are short sold. Based on an average trading volume of 783,754 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 783,754 shares, the days-to-cover ratio is currently 1.0 days. Approximately 37.3% of the company’s stock are short sold.

Tradr 1X Short Innovation Daily ETF Stock Performance

Shares of SARK opened at $30.85 on Thursday. The business has a 50-day simple moving average of $30.16 and a two-hundred day simple moving average of $30.29. Tradr 1X Short Innovation Daily ETF has a 52 week low of $26.68 and a 52 week high of $74.56.

Tradr 1X Short Innovation Daily ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were issued a $0.8523 dividend. This represents a dividend yield of 295.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

About Tradr 1X 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. SARK was launched on Nov 9, 2021 and is managed by AXS Investments.