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Benzinga

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Chris Katje

If You Invested $1,000 In The Short Cathie Wood ETF At IPO, Here's How Much You'd Have Now

Cathie Wood ETF ARK Ark Innovation Nasdaq MATW TUTTLE ARKK NYSE SARK Ark Invest

Some might have called Matthew Tuttle crazy for betting against famed stock picker Cathie Wood in 2021. Instead, an ETF that trades against the Ark Innovation ETF (NYSE:ARKK) from Wood has turned into a very profitable investment for those willing to take a chance against high growth names.

What Happened: Tuttle Capital Management launched the Tuttle Capital Short Innovation ETF (NASDAQ:SARK) as an inverse option for those wanting to bet against the Ark Invest flagship fund on Nov. 9, 2021. The ETF attempts to achieve the inverse of the return of the Ark Innovation ETF for a single day.

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