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.
