TARK, getting ready for the upcoming bullish moveNASDAQ:TARK
AMEX:ARKK
TARK the 2x ETF based on the popular ARKK etf is on the move. I am expecting a bullish climb into the close of the year. I have laid out the trajectory but most importantly the levels at which to short it as it moves higher to collect profits on the way. Magenta and yello
Key stats
About Tradr 2X Long Innovation ETF
Home page
Inception date
May 2, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
AXS Investments LLC
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.
Classification
What's in the fund
Exposure type
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Cash71.54%
Miscellaneous28.46%
Top 10 holdings
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Summary
Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.