Tradr 2X Long Innovation ETF (TARK)
Tradr 2X Long Innovation ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $47.38, up 1.99% on the session, giving a market capitalisation of $24.1M. Its beta of 5.06 implies it has historically moved more than the broad market.
TARK provides daily 2x exposure to ARKK, an exchange-traded fund composed of 30-55 companies globally involved with, or that benefit from disruptive innovation, selected based on high conviction in this space. As such, TARK is designed to highlight the growth of disruptive technologies and provide value to investors if and when the underlying funds price rises. Its strategy involves entering into swap agreements with global financial institutions exchanging returns based on the performance of ARKK shares. To achieve maximum results, the fund may also invest in fixed income securities including Treasurys, short-term bond ETFs, corporate bonds, and money market funds as collateral required by the funds counterparties. As a leveraged product with 2x factor that resets daily, TARK is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one-day period. Before May 15, 2024, the fund traded as AXS 2X Innovation ETF.
Tradr 2X Long Innovation ETF is most often compared with the following Financial Services names: