Short sellers are homing in on Cathie Wood’s pool of exchange-traded funds, undeterred by the rising cost to bet against the Ark Investment Management family.
Investors who expect her group of funds to decline have sent short interest to 16.8% of all freely available shares, up from about 13% in mid-August, according to data compiled by Ihor Dusaniwsky at S3 Partners. It’s a bet that the Federal Reserve’s aggressive tightening will continue to hammer Wood’s rate-sensitive picks. Her flagship fund has plunged around 60% so far this year.
