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

Tradr 2X Long Innovation ETF (NASDAQ:TARK) was the target of a large 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 trading volume, of 79,800 shares, the days-to-cover ratio is currently 2.2 days.

Tradr 2X Long Innovation ETF Stock Up 1.5 %

Shares of TARK traded up $0.75 during trading hours on Friday, reaching $51.76. 31,164 shares of the company traded hands, compared to its average volume of 130,980. The stock has a fifty day simple moving average of $39.65 and a 200 day simple moving average of $33.27. Tradr 2X Long Innovation ETF has a fifty-two week low of $20.00 and a fifty-two week high of $55.61.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tradr 2X Long Innovation ETF stock. Western Pacific Wealth Management LP purchased a new stake in Tradr 2X Long Innovation ETF (NASDAQ:TARK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 950 shares of the company’s stock, valued at approximately $62,000. Western Pacific Wealth Management LP owned 0.10% of Tradr 2X Long Innovation ETF at the end of the most recent reporting period.

About Tradr 2X Long Innovation ETF

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.