Ticker symbol SARK – NDAQ, SARK is a short ETF. The ETF uses swap contracts to attempt to achieve the inverse performance of ARKK on any single day. ARKK is the ETF of famed Cathy Wood. As of 1/27/2022 the SARK ETF which essentially takes short positions on any of ARKK’s holdings is up 42.14% on the year.
ETF Newz Says:
Well in a year of market turbulence this is a way to short technology or hedge a tech portfolio without having to spend a great deal of money buying puts.
