Tradr 2X Long Innovation ETF (NASDAQ:TARK) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of Tradr 2X Long Innovation ETF (NASDAQ:TARK) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $68.70 and traded as high as $93.50. Tradr 2X Long Innovation ETF shares last traded at $90.22, with a volume of 53,905 shares trading hands.

Tradr 2X Long Innovation ETF Price Performance

The business has a 50-day simple moving average of $68.70 and a two-hundred day simple moving average of $62.72.

Institutional Investors Weigh In On Tradr 2X Long Innovation ETF

A hedge fund recently bought a new stake in Tradr 2X Long Innovation ETF stock. Western Pacific Wealth Management LP acquired a new position in shares of Tradr 2X Long Innovation ETF (NASDAQ:TARK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 950 shares of the company’s stock, valued at approximately $62,000. Western Pacific Wealth Management LP owned about 0.10% of Tradr 2X Long Innovation ETF at the end of the most recent quarter.

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.