AXS Short Innovation Daily ETF (NASDAQ:SARK) Shares Down 1.7%

Shares of AXS Short Innovation Daily ETF (NASDAQ:SARK) traded down 1.7% during trading on Thursday . The stock traded as low as $29.24 and last traded at $29.48. 343,730 shares traded hands during trading, a decline of 72% from the average session volume of 1,233,853 shares. The stock had previously closed at $29.98.

AXS Short Innovation Daily ETF Stock Performance

The company’s 50-day moving average is $30.28 and its 200 day moving average is $28.83.

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. acquired a new stake in shares of AXS Short Innovation Daily ETF (NASDAQ:SARK) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $403,000. Nicholas Hoffman & Company LLC. owned about 0.31% of AXS Short Innovation Daily ETF as of its most recent filing with the SEC.

AXS Short Innovation Daily ETF Company Profile

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.