SARK - Cathie Wood's ARKK gets lapped by the inverse SARK ETF which is +100% since its launch

For the first time, the Tuttle Capital Short Innovation ETF (NASDAQ:SARK) has closed higher than Cathie Wood's flagship ARK Innovation ETF (NYSEARCA:ARKK). It took SARK a little over four months to lap ARKK but it now trades at 60.78 a share, whereas ARKK sits at 52.17. On the day, SARK is +6.1% and ARKK is -6.1%. The crossover now outlines that it costs more for market participants to invest in an ETF that takes short-term positions against ARKK than buying the underlying ARKK ETF itself. Moreover, since the launch of SARK on Nov. 9, 2021, the fund is up 101.4%. At the same time, since SARK's unveiling, Wood's ARKK has plunged 57.1%.  See a chart below that outlines the two funds' price moves.  Matt Maley, chief market strategist at Miller Tabak + Co. told Bloomberg: “I do think it makes sense that ARKK is down so much this year. Too many of the stocks in

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Cathie Wood’s ARKK gets lapped by the inverse SARK ETF, which is +100% since its launch