Bets Against Cathie Wood Increase: Congressman Shorts ARKK
What Happened: Sen. Tommy Tuberville is betting against the $ARK Innovation ETF (ARKK.US)$ with two bets in the range of $1,000 to $15,000 disclosed in filings on Mar. 11.
The options purchased were shared by CongressTrading and show that Tuberville is placing a short bet on Ark Innovation remaining below the $65 level. The options expire on Sept. 16, 2022.
Tuberville is a senator serving the state of Alabama and was previously the head football coach at the University of Cincinnati, Texas Tech University, Auburn University and the University of Mississippi.
The move by Tuberville was criticized by many on Twitter, as it represents a congressman openly betting against several high growth companies in the U.S.
$Tesla (TSLA.US)$ $Coinbase (COIN.US)$ $Robinhood (HOOD.US)$ $Palantir (PLTR.US)$
The options purchased were shared by CongressTrading and show that Tuberville is placing a short bet on Ark Innovation remaining below the $65 level. The options expire on Sept. 16, 2022.
Tuberville is a senator serving the state of Alabama and was previously the head football coach at the University of Cincinnati, Texas Tech University, Auburn University and the University of Mississippi.
The move by Tuberville was criticized by many on Twitter, as it represents a congressman openly betting against several high growth companies in the U.S.
$Tesla (TSLA.US)$ $Coinbase (COIN.US)$ $Robinhood (HOOD.US)$ $Palantir (PLTR.US)$
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71688427 : I would rather support innovation than politicians even I don’t have ARK investment
TeslaSmurf : I understand and like Kathie Wood’s philosophy and courage, nevertheless I would never buy ARKK when I can buy directly Tesla (I only trade and hold Tesla). Plus, exactly as recently happened, her funds are much more vulnerable to the shorters, while Tesla has mostly got rid of them (about 55 BILLION cumulative losses for Tesla shorters along the years, many still crying).
TeslaSmurf : Anyway, ARKK has risen more than 16% this week, so Mr Tuberville must not be so happy.
insider trackerrr OP 71688427 : make sence!!!
insider trackerrr OP TeslaSmurf :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")