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Anti-Ark ETF Adds Double-Leveraged Fund Mimicking Cathie Wood's

  • TARK has ‘nothing to do’ with Ark or Cathie Wood: AXS CEO
  • AXS acquired the Tuttle ETF that bets against Wood’s ARKK
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Meet the Man Betting Against Cathie Wood's Flagship ETF

The firm behind the anti-Ark ETF is launching a fund that doubles the performance of Cathie Wood’s flagship product --  just as her fund is seeing its worst-ever performance. 

The AXS 2X Innovation exchange-traded fund (ticker TARK) uses derivatives to track double the performance of the $8.8 billion ARK Innovation ETF (ARKK). The launch comes weeks after AXS Investments LLC bought the $428 million Tuttle Capital Short Innovation ETF (SARK), which bets against the Ark fund.