AXS Short Innovation Daily ETF (NASDAQ:SARK) Trading Down 2%

AXS Short Innovation Daily ETF (NASDAQ:SARK)’s stock price fell 2% during trading on Wednesday . The stock traded as low as $29.17 and last traded at $29.72. 1,108,418 shares were traded during trading, a decline of 17% from the average session volume of 1,331,113 shares. The stock had previously closed at $30.32.

AXS Short Innovation Daily ETF Trading Down 2.0 %

The firm’s 50-day moving average is $30.07 and its 200 day moving average is $28.96.

Institutional Trading of AXS Short Innovation Daily ETF

An institutional investor recently bought a new position in AXS Short Innovation Daily ETF stock. Nicholas Hoffman & Company LLC. bought a new position in shares of AXS Short Innovation Daily ETF (NASDAQ:SARK) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 15,000 shares of the company’s stock, valued at approximately $403,000. Nicholas Hoffman & Company LLC. owned 0.31% of AXS Short Innovation Daily ETF at the end of the most recent quarter.

About AXS 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.