Bearish On Disruptive Innovation? Actively Managed ETF Provides A Play For Traders To Short Cathie Wood's ARKK
AXS Short Innovation Daily ETF SARK was trading near flat on Monday, while the Cathie Wood-led ARKK Innovation ETF ARKK was trading near Friday’s closing price.ARKK, Wood’s flagship fund, has shown weak performance compared to the general market for the last few years, failing to trade above the April 22, 2022, high of $55. In contrast, the S&P 500 has risen about 17% since that same date.SARK is an actively managed fund focused on shorting disruptive innovation by tracking its ETF counterpart, the AXS 2X I ...