Benzinga

Short ARKK ETF To Bet Against Cathie Wood’s Fund

According to Bloomberg, the Short ARKK ETF would track the inverse performance of Cathie Wood’s $23 billion Ark Innovation ETF (NYSEARCA: ARKK) through swaps. As per the Securities and Exchange Commission filing, the fund would trade under the ticker SARK and charge a 0.75% operating expense. Post-launch, the SARK would be managed by Matt Tuttle, chief executive officer at Tuttle Capital Management LLC. “In sum, as ARKK already represents a long exposure to a basket of unprofitable tech stocks,

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