ARK Israel Innovative Technology ETF (BATS:IZRL) Sees Significant Decline in Short Interest

ARK Israel Innovative Technology ETF (BATS:IZRL) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 39,375 shares, a decline of 53.3% from the May 14th total of 84,401 shares. Based on an average trading volume of 14,623 shares, the short-interest ratio is presently 2.7 days. Currently, 0.9% of the shares of the company are short sold.

ARK Israel Innovative Technology ETF Price Performance

Shares of BATS:IZRL traded up $0.14 during midday trading on Monday, hitting $30.59. The company had a trading volume of 7,873 shares, compared to its average volume of 21,543. ARK Israel Innovative Technology ETF has a 12-month low of $24.25 and a 12-month high of $32.76. The company has a fifty day moving average of $30.08 and a two-hundred day moving average of $29.66. The company has a market cap of $131.54 million, a price-to-earnings ratio of 26.42 and a beta of 1.04.

Institutional Trading of ARK Israel Innovative Technology ETF

A hedge fund recently bought a new stake in ARK Israel Innovative Technology ETF stock. Provenance Wealth Advisors LLC acquired a new stake in shares of ARK Israel Innovative Technology ETF (BATS:IZRL) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 3,448 shares of the company’s stock, valued at approximately $93,000. Provenance Wealth Advisors LLC owned approximately 0.08% of ARK Israel Innovative Technology ETF as of its most recent SEC filing.

About ARK Israel Innovative Technology ETF

The ARK Israel Innovative Technology ETF (IZRL) is an exchange-traded fund that is based on the ARK Israeli Innovation (USD)(TR) index. The fund tracks an equally weighted index of Israeli companies causing advancements in the areas of genomics, health care, biotechnology, industrials, manufacturing, and IT. IZRL was launched on Dec 5, 2017 and is managed by ARK.