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Anti-ARK ETF Trading Above Cathie Wood’s Flagship Fund

  • ARKK has tough performance stretch, losing 40% this year
  • SARK has seen outflows but has risen about 60% in 2022
Cathie Wood

Cathie Wood

Photographer: Kyle Grillot/Bloomberg
Updated on

An exchange-traded fund that’s making waves thanks to its singular bet against Cathie Wood’s flagship fund just notched a new milestone. 

The price of the Tuttle Capital Short Innovation ETF (ticker SARK) on Friday closed higher than Wood’s ARK Innovation ETF (ARKK) for the first time. In other words, it’s become more expensive to buy shares in a fund making very short-term bets against ARKK than it has to buy shares of the ETF itself.