Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) Shares Up 1.7% – Still a Buy?

Shares of Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) traded up 1.7% on Thursday . The stock traded as high as $18.75 and last traded at $18.29. 410,964 shares were traded during trading, a decline of 59% from the average session volume of 1,011,390 shares. The stock had previously closed at $17.99.

Tradr 2X Short Innovation Daily ETF Price Performance

The business has a 50-day moving average of $24.42 and a 200-day moving average of $28.56.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tradr 2X Short Innovation Daily ETF stock. Nicholas Hoffman & Company LLC. increased its stake in Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) by 33.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Nicholas Hoffman & Company LLC. owned approximately 0.71% of Tradr 2X Short Innovation Daily ETF worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

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.