The AXS Short Innovation Daily ETF (SARK) is celebrating its one year anniversary this week and showing a very positive track record. Over the year SARK has obtained $361 in assets under management and is up more than 111%. SARK uses swap contracts to follow the inverse performance of the Ark Innovation ETF (ARKK).
ETF Newz Says:
The massive growth for SARK can be attributed to large rate hikes which boosted Treasury yields.
