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‘Anti-ARKK’ ETF Amasses $234 Million as Cathie Wood Falters

  • Tuttle’s SARK is up by about 50% since its November launch
  • ARKK has tumbled as rising yields dent high-growth stocks
Cathie Wood

Cathie Wood

Photographer: Kyle Grillot/Bloomberg
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A controversial ETF with a singular mission to exploit weakness in Cathie Wood’s flagship fund has now amassed $234 million in assets as the new year rout in richly priced tech stocks deepens.

Despite a low-key start, the Tuttle Capital Short Innovation ETF (ticker SARK) now boasts an impressive haul for a fund less than three months old, after returning around 50% since inception. About $200 million of the fund’s assets come from inflows, showing investor demand to bet against Wood’s big wager on disruptive technologies.