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Michael Burry of ‘Big Short’ Bets Against Cathie Wood’s ARKK

  • Filing shows Scion Asset Management has puts on ETF shares
  • Burry is also betting heavily against Tesla, a top Wood pick
Michael Burry
Michael BurryPhotographer: Astrid Stawiarz/Getty Images
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Michael Burry, the investor made famous by “The Big Short” movie, has taken aim at one of Wall Street’s hottest stars.

Burry’s Scion Asset Management owned bearish put contracts against 235,500 shares of the ARK Innovation ETF (ticker ARKK) at the end of the second quarter, according to a regulatory filing Monday. The new position was valued at almost $31 million, the filing says.