SARK Stock Summary and Trading Ideas (Tradr Short Innovation Daily ETF | NASDAQ:SARK)

Tradr Short Innovation Daily ETE seeks the daily inverse investment results, before fees and expenses, that correspond to the inverse (-1x) of the return of the ARK Innovation ETF for a single day (and not for any other time period) by entering into a swap on the ARK Innovation ETF. The ARK Innovation ETF is an actively managed exchange traded fund that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund's investment theme of disruptive innovation.

Tradr Short Innovation Daily ETF trades on the NASDAQ stock market under the symbol SARK.

As of January 7, 2025, SARK stock price climbed to $38.17 with 258,900 million shares trading.

SARK has a beta of -3.55, meaning it tends to be less sensitive to market movements. SARK has a correlation of 0.55 to the broad based SPY ETF.

SARK has a market cap of $48.22 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, SARK traded as high as $243.63 and as low as $35.00.

SARK has underperformed the market in the last year with a price return of -46.4% while the SPY ETF gained +27.9%. SARK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -44.9% and -1.9%, respectively, while the SPY returned +3.5% and -0.6%, respectively.

SARK support price is $34.14 and resistance is $37.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SARK shares will trade within this expected range on the day.