Tradr 1X Short Innovation Daily ETF (SARK)
Tradr 1X Short Innovation Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $26.43, down 0.79% on the session, giving a market capitalisation of $66.6M. Its beta of -2.73 implies it has historically moved less than the broad market.
The SARK fund is an actively managed exchange-traded fund that aims to provide the inverse (-1x) return of the ARK Innovation ETF for a single day only. It's crucial to understand that this objective applies solely to one day and not to any longer periods. This is accomplished primarily through the use of swap agreements that reference the ARK Innovation ETF. The ARK Innovation ETF, which SARK targets, is itself an actively managed fund that seeks long-term appreciation of capital. It does so by investing primarily in equity securities of companies located both domestically and internationally that are pioneering or leveraging disruptive innovation. A key characteristic of the ARK Innovation ETF is its non-diversified nature.
Tradr 1X Short Innovation Daily ETF is most often compared with the following Financial Services names: