Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) Short Interest Down 32.6% in February

Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 121,000 shares, a decline of 32.6% from the February 13th total of 179,600 shares. Based on an average daily trading volume, of 351,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 7.4% of the shares of the stock are sold short.

Tradr 2X Short Innovation Daily ETF Stock Up 0.9 %

Shares of Tradr 2X Short Innovation Daily ETF stock traded up $0.45 on Monday, reaching $50.44. The company’s stock had a trading volume of 58,805 shares, compared to its average volume of 286,608. Tradr 2X Short Innovation Daily ETF has a 52-week low of $27.86 and a 52-week high of $132.54. The stock has a 50-day moving average price of $38.12 and a 200-day moving average price of $56.24.

Tradr 2X Short Innovation Daily ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $6.5153 per share. This is a boost from Tradr 2X Short Innovation Daily ETF’s previous dividend of $3.26. The ex-dividend date was Monday, December 23rd.

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.