“Whether you believe that the current bull thesis for transformational industries is stretched, or you’re looking to provide protection to an existing portfolio of high growth stocks, SARK is a potentially attractive opportunity worth exploring,” he added.
“Many investors with whom we speak, including financial advisors, are cautious on current valuations for unprofitable innovative companies,” Matthew Tuttle, CEO and CIO of Tuttle Capital Management, said on the day SARK launched. Tuttle Capital Management, the firm that was originally behind SARK, made a bold move by creating the ETF to begin with.Īn ETF that bet against ARKK-a fund that was beloved by an army of retail investors was managed by the charismatic Cathie Wood and was a huge winner during much of 20-was far from a sure thing. 9, 2021, right before growth stocks imploded, taking the ARK Innovation ETF (ARKK) down with them.īut it wasn’t just a matter of timing. SARK benefited from near-perfect timing the fund launched on Nov. 1 most-talked-about fund in that category. SARK is currently the tenth-largest U.S.-listed inverse ETF on the market, though it’s arguably the No. Those types of numbers are impressive for any ETF, let alone an inverse ETF.
Prices for the ETF have doubled over the past six months and the fund now has $430 million in assets. The Tuttle Capital Short Innovation ETF (SARK) has been a huge success.
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