Cathie Wood-Linked ETFs Are Standing Out From $6.4 Trillion Pack
- Short ARKK ETF by AXS and Tuttle has gained over 50% in 2022
- Trading volume jumps in TARK, which doubles ARKK performance
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One strategy has helped a company stand out in the $6.4 trillion US exchange-traded fund market -- piggybacking off of Cathie Wood.
That’s the tactic helping to bolster up AXS Investments, the ETF issuer behind funds that bet both for and against Wood’s $9.4 billion ARK Innovation ETF (ticker ARKK). Since its launch in May, trading volume has steadily increased in the AXS 2X Innovation ETF (TARK), which doubles the performance of Wood’s flagship fund. Meanwhile, its Tuttle Capital Short Innovation ETF (SARK), which bets against ARKK, has ballooned in size to $395 million in nine months.