Tradr 2X Long Innovation ETF (NASDAQ:TARK) Sees Significant Increase in Short Interest

Tradr 2X Long Innovation ETF (NASDAQ:TARK) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 172,000 shares, a growth of 42.0% from the November 15th total of 121,100 shares. Based on an average daily volume of 79,800 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds 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 bought a new position in Tradr 2X Long Innovation ETF (NASDAQ:TARK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 950 shares of the company’s stock, valued at approximately $62,000. Western Pacific Wealth Management LP owned approximately 0.10% of Tradr 2X Long Innovation ETF at the end of the most recent reporting period.

Tradr 2X Long Innovation ETF Stock Performance

Shares of TARK stock traded up $0.75 during trading hours on Friday, hitting $51.76. 31,164 shares of the company were exchanged, compared to its average volume of 130,980. The business’s 50-day simple moving average is $39.65 and its two-hundred day simple moving average is $33.27. Tradr 2X Long Innovation ETF has a one year low of $20.00 and a one year high of $55.61.

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.