The AXS 2X Innovation exchange-traded fund (ticker TARK) was launched today. The fund uses derivatives to track double the performance of the $8.8 billion ARK Innovation ETF (ARKK).
The launch follows AXS Investments LLC purchase of the $428 million Tuttle Capital Short Innovation ETF (SARK), which bets against the Ark fund. Two funds both designed to make money off the fame of another advisor, Cathie Wood.
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