根据上周五向美国证券交易委员会提交的申报，ARKK成了SHORT ARKK ETF（SARK）的做空目标，该基金将提供与ARKK每日相反的表现。
At a time when Cathie Wood is attracting more and more questions, an ETF app that directly shorted Wood's flagship fund was born.
In July, all eight ETF managed by Wood's Ark Investment Management fell, almost all funds suffered net outflows, and there is still one day of data to be collected.
As many technology stocks, such as Spotify Technology SA, have lost popularity, $22.5 billion ARK Innovation ETF (ARKK) is in decline this year, a far cry from Wood's fame and fortune performance in 2020.
According to a filing with the Securities and Exchange Commission on Friday, ARKK has become a short target for SHORT ARKK ETF (SARK), which will provide daily performance opposite to that of ARKK.
Wood's big bet on advanced technology companies has won a lot of fans, but also a lot of critics.
"Cathie Wood's excellent performance over the past few years has attracted not only bullish investors, but also bears," said Nate Geraci, president of ETF Store. "there is always a group of investors who want to be bearish on winners, based on the assumption that they cannot win forever."
A spokesman for Ark didn't respond to a request for comment.
Last year ARKK was one of the best-performing ETF in the US, with a return of 149 per cent and Mr Wood became a star investor, attracting billions of dollars in funds. By 2021, her fund will not recover either in terms of performance or liquidity.
Reverse funds are common in the $6.6 trillion US ETF industry, but SARK stands out for targeting a single fund. Most reverse funds are shorting major stock indices. These reverse funds have pooled millions of dollars under management, but SHORT AKK ETF still has great potential. About 8.7 million ARKK shares, worth more than $1 billion, have been lent to short sellers, according to IHS Markit Ltd.
The ETF makes it easier for retail investors to short ARKK, but it also exposes them to the common risks of such products. The investment vehicle resets leverage every day and may deviate from the expected target if it is held for more than a day. The filing also made it clear that the fund aims to "achieve reverse returns on a single day rather than at any other time".
