Since the launch of SARK (a fund that essentially shorts Cathy Wood’s ARKK fund) on Nov. 9, 2021, the fund is up 101.4%. Wood’s ARKK has dropped 57.1%.
ETF Newz Says:
Wood protested against the fund, saying it was anti innovation, as the fund essentially shorts all of the technology stocks that Wood owns. Great timing for this ETF to catch such a down market. The market goes up 70% of the time, Tuttle Capital hit it right on the timing on this one, but long term??? this fund would be way down in the past 10-15 bull market years.