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2021-08-05
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You Can Short Cathie Wood’s ARK Innovation Fund. But Is It a Good Idea?<blockquote>您可以做空凯西-伍德的方舟创新基金。但这是个好主意吗?</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":890784357,"tweetId":"890784357","gmtCreate":1628134590679,"gmtModify":1631891625457,"author":{"id":3583806200035507,"idStr":"3583806200035507","authorId":3583806200035507,"authorIdStr":"3583806200035507","name":"HuiBing","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":7,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>Like and comment</p></body></html>","htmlText":"<html><head></head><body><p>Like and comment</p></body></html>","text":"Like and comment","highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/890784357","repostId":1187380753,"repostType":4,"repost":{"id":"1187380753","kind":"news","pubTimestamp":1628133104,"share":"https://www.laohu8.com/m/news/1187380753?lang=zh_CN&edition=full","pubTime":"2021-08-05 11:11","market":"us","language":"en","title":"You Can Short Cathie Wood’s ARK Innovation Fund. But Is It a Good Idea?<blockquote>您可以做空凯西-伍德的方舟创新基金。但这是个好主意吗?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187380753","media":"Barrons","summary":"For those bearish on ARK Invest’s innovation-driven stock picks, there might soon be a new ETF that ","content":"<p>For those bearish on ARK Invest’s innovation-driven stock picks, there might soon be a new ETF that allows investors to bet against them.</p><p><blockquote>对于那些看跌 ARK Invest 创新驱动选股的人来说,可能很快就会有一只新的 ETF 允许投资者做空它们。</blockquote></p><p> Tuttle Capital Management, a small fund company with 10 ETFs and $228 million under management, has filed to launch the Short ARKK ETF under the ticker SARK. The fund would seek to track the inverse performance of the $23 billion ARK Innovation ETF (ticker: ARKK) through swaps contracts, according to a filing with the Securities and Exchange Commission.</p><p><blockquote>Tuttle Capital Management 是一家小型基金公司,拥有 10 只 ETF,管理着 2.28 亿美元,已申请推出股票代码为 SARK 的空头 ARKK ETF。根据向美国证券交易委员会提交的文件,该基金将寻求通过掉期合约追踪价值 230 亿美元的 ARK Innovation ETF(股票代码:ARKK)的反向表现。</blockquote></p><p> Inverse ETFs have been around a long time, but most bet against a broad-market index or particular sector, rather than an actively managed portfolio like ARK’s. “As far as I’m aware, it’s unprecedented,” said Ben Johnson, director of global exchange-traded fund research for Morningstar.</p><p><blockquote>反向 ETF 已经存在很长时间了,但大多数 ETF 都押注于大盘指数或特定行业,而不是像 ARK 这样的主动管理投资组合。“晨星公司全球交易所交易基金研究总监本-约翰逊(Ben Johnson)说:”据我所知,这是史无前例的。</blockquote></p><p> It’s not the first time that Wall Street broke norms in order to tap on investors’ surging interest—whether bullish or bearish—in ARK and its stock-picking CEO, Cathie Wood.</p><p><blockquote>这已经不是华尔街第一次打破常规,以利用投资者对 ARK 及其选股首席执行官凯西-伍德(Cathie Wood)日益增长的兴趣--无论是看涨还是看跌。</blockquote></p><p> Earlier this year, big investment banks started issuing structured notes tied to the firm’s actively managed ETFs. These debt securities involve complicated derivatives trades that promise some participation in the underlying assets’ gains but a certain level of downside protection<b>.</b>They are traditionally tied to single stocks or indexes like the S&P 500.</p><p><blockquote>今年早些时候,大型投资银行开始发行与该公司主动管理的 ETF 挂钩的结构性票据。这些债务证券涉及复杂的衍生品交易,承诺在一定程度上分享标的资产的收益,但有一定程度的下行保护<b>.</b>它们传统上与标普500等单一股票或指数挂钩。</blockquote></p><p> The filing for the Short ARKK ETF came as ARK funds are struggling to repeat their spectacular performance of last year. The ARK Innovation ETF, for example, gained roughly 150% in 2020 as one of the top-performing ETFs of the year. Year to date, it’s down 4.4%,after plunging 24% from the February peak.</p><p><blockquote>ARKK ETF 空头备案之际,ARK 基金正在努力重现去年的出色表现。例如,ARK Innovation ETF 作为年度表现最佳的 ETF 之一,在 2020 年上涨了约 150%。今年迄今为止,该指数已下跌 4.4%,比 2 月份的峰值暴跌 24%。</blockquote></p><p> Some investors think Wood’s heavy bets on highflying tech stockslike Tesla(TSLA) and Square(SQ) have made the fund’s portfolio too expensive and risky, which has weighed on its performance this year as investors favored the cheaper cyclical stocks that could benefit from the postpandemic recovery.</p><p><blockquote>一些投资者认为,伍德对特斯拉(TSLA)和 Square(SQ)等高涨科技股的重注使该基金的投资组合过于昂贵和风险,这对其今年的业绩造成了压力,因为投资者青睐可能受益于大流行后复苏的廉价周期性股票。</blockquote></p><p> ARK did not respond to a request for comment.</p><p><blockquote>方舟没有回应置评请求。</blockquote></p><p> Even for investors skeptical about Wood’s penchant for innovation stocks, though, buying an anti-ARK ETF might not be the smartest thing to do. Anyone that doesn’t like the ARK funds can simply not buy them. Shorting them could bring more risks than the potential rewards.</p><p><blockquote>不过,即使对于对伍德对创新股的偏好持怀疑态度的投资者来说,购买反方舟 ETF 也可能不是最明智的做法。任何不喜欢方舟基金的人都不能购买。做空它们可能会带来比潜在回报更多的风险。</blockquote></p><p> “The odds you’re going to profit from those bearish beliefs by short selling these funds are pretty small,” said Morningstar’s Johnson, “The upside is limited, the best you can get is a 100% return on your investment, and that’s assuming ARK will run its portfolios to the ground, which isn’t going to happen. On the other hand, the worst that could happen is that if ARK has another year like they did last year. You’ll get absolutely torched.”</p><p><blockquote>“晨星公司的约翰逊说:”通过卖空这些基金,你从这些看跌信念中获利的几率非常小,“上涨空间是有限的,你能得到的最好结果就是100%的投资回报,而这前提是方舟公司将其投资组合彻底崩溃,但这是不可能发生的。另一方面,最糟糕的情况是,如果方舟公司再像去年那样度过一年。你会被彻底烧死的。”</blockquote></p><p> Still, ARK doubters already are borrowing shares and selling the short themselves. According to data from FactSet, short interest in the ARK Innovation ETF has increased to nearly 10% of its total floating shares, up from 2% at the beginning of the year.</p><p><blockquote>尽管如此,ARK 的怀疑者已经在借入股票并卖空。FactSet 的数据显示,ARK Innovation ETF 的空头权益已从年初的 2% 增至其总流通股的近 10%。</blockquote></p><p> Many noninstitutional investors don’t have the capability or channel to short stocks or ETFs themselves, and Tuttle Capital Management sees an opportunity here. “Clearly there is an increased appetite to short unprofitable tech,” Matt Tuttle, the firm’s chief executive officer, told Barron’s in an email, “The goal there was to create tools for investors to express a view.”</p><p><blockquote>许多非机构投资者自己没有能力或渠道做空股票或 ETF,塔特尔资本管理公司认为这是一个机会。“该公司首席执行官马特-塔特尔(Matt Tuttle)在一封电子邮件中告诉《巴伦周刊》:”显然,人们越来越倾向于做空不盈利的科技公司,“我们的目标是为投资者创造表达观点的工具。”</blockquote></p><p> The newly filed Short ARKK ETF plans to charge a 0.75% operating expense, mirroring the expense ratio of the ARK Innovation ETF. Compared to a simple inverse fund tracking a stock index or commodity, the fund might have a harder time returning the exact inverse of ARK Innovation’s performance, said Johnson<b>:</b>“You are betting against a moving target, and in theory, there’s going to be some degree of slippage when you try to do that.”</p><p><blockquote>新提交的空头 ARKK ETF 计划收取 0.75% 的运营费用,与 ARK Innovation ETF 的费用比率一致。约翰逊说,与跟踪股票指数或商品的简单反向基金相比,该基金可能更难返回与方舟创新公司业绩完全相反的结果。<b>:</b>“你是在押注一个移动的目标,从理论上讲,当你试图这样做时,会有一定程度的滑点。”</blockquote></p><p> To be sure, the Short ARKK ETF is still in filing. There is a chance that the SEC might not approve it, given that the fund is the first of its kind.</p><p><blockquote>可以肯定的是,空头 ARKK ETF 仍在备案中。鉴于该基金是同类基金中的第一只,美国证券交易委员会可能不会批准该基金。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>You Can Short Cathie Wood’s ARK Innovation Fund. But Is It a Good Idea?<blockquote>您可以做空凯西-伍德的方舟创新基金。但这是个好主意吗?</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYou Can Short Cathie Wood’s ARK Innovation Fund. But Is It a Good Idea?<blockquote>您可以做空凯西-伍德的方舟创新基金。但这是个好主意吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-05 11:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For those bearish on ARK Invest’s innovation-driven stock picks, there might soon be a new ETF that allows investors to bet against them.</p><p><blockquote>对于那些看跌 ARK Invest 创新驱动选股的人来说,可能很快就会有一只新的 ETF 允许投资者做空它们。</blockquote></p><p> Tuttle Capital Management, a small fund company with 10 ETFs and $228 million under management, has filed to launch the Short ARKK ETF under the ticker SARK. The fund would seek to track the inverse performance of the $23 billion ARK Innovation ETF (ticker: ARKK) through swaps contracts, according to a filing with the Securities and Exchange Commission.</p><p><blockquote>Tuttle Capital Management 是一家小型基金公司,拥有 10 只 ETF,管理着 2.28 亿美元,已申请推出股票代码为 SARK 的空头 ARKK ETF。根据向美国证券交易委员会提交的文件,该基金将寻求通过掉期合约追踪价值 230 亿美元的 ARK Innovation ETF(股票代码:ARKK)的反向表现。</blockquote></p><p> Inverse ETFs have been around a long time, but most bet against a broad-market index or particular sector, rather than an actively managed portfolio like ARK’s. “As far as I’m aware, it’s unprecedented,” said Ben Johnson, director of global exchange-traded fund research for Morningstar.</p><p><blockquote>反向 ETF 已经存在很长时间了,但大多数 ETF 都押注于大盘指数或特定行业,而不是像 ARK 这样的主动管理投资组合。“晨星公司全球交易所交易基金研究总监本-约翰逊(Ben Johnson)说:”据我所知,这是史无前例的。</blockquote></p><p> It’s not the first time that Wall Street broke norms in order to tap on investors’ surging interest—whether bullish or bearish—in ARK and its stock-picking CEO, Cathie Wood.</p><p><blockquote>这已经不是华尔街第一次打破常规,以利用投资者对 ARK 及其选股首席执行官凯西-伍德(Cathie Wood)日益增长的兴趣--无论是看涨还是看跌。</blockquote></p><p> Earlier this year, big investment banks started issuing structured notes tied to the firm’s actively managed ETFs. These debt securities involve complicated derivatives trades that promise some participation in the underlying assets’ gains but a certain level of downside protection<b>.</b>They are traditionally tied to single stocks or indexes like the S&P 500.</p><p><blockquote>今年早些时候,大型投资银行开始发行与该公司主动管理的 ETF 挂钩的结构性票据。这些债务证券涉及复杂的衍生品交易,承诺在一定程度上分享标的资产的收益,但有一定程度的下行保护<b>.</b>它们传统上与标普500等单一股票或指数挂钩。</blockquote></p><p> The filing for the Short ARKK ETF came as ARK funds are struggling to repeat their spectacular performance of last year. The ARK Innovation ETF, for example, gained roughly 150% in 2020 as one of the top-performing ETFs of the year. Year to date, it’s down 4.4%,after plunging 24% from the February peak.</p><p><blockquote>ARKK ETF 空头备案之际,ARK 基金正在努力重现去年的出色表现。例如,ARK Innovation ETF 作为年度表现最佳的 ETF 之一,在 2020 年上涨了约 150%。今年迄今为止,该指数已下跌 4.4%,比 2 月份的峰值暴跌 24%。</blockquote></p><p> Some investors think Wood’s heavy bets on highflying tech stockslike Tesla(TSLA) and Square(SQ) have made the fund’s portfolio too expensive and risky, which has weighed on its performance this year as investors favored the cheaper cyclical stocks that could benefit from the postpandemic recovery.</p><p><blockquote>一些投资者认为,伍德对特斯拉(TSLA)和 Square(SQ)等高涨科技股的重注使该基金的投资组合过于昂贵和风险,这对其今年的业绩造成了压力,因为投资者青睐可能受益于大流行后复苏的廉价周期性股票。</blockquote></p><p> ARK did not respond to a request for comment.</p><p><blockquote>方舟没有回应置评请求。</blockquote></p><p> Even for investors skeptical about Wood’s penchant for innovation stocks, though, buying an anti-ARK ETF might not be the smartest thing to do. Anyone that doesn’t like the ARK funds can simply not buy them. Shorting them could bring more risks than the potential rewards.</p><p><blockquote>不过,即使对于对伍德对创新股的偏好持怀疑态度的投资者来说,购买反方舟 ETF 也可能不是最明智的做法。任何不喜欢方舟基金的人都不能购买。做空它们可能会带来比潜在回报更多的风险。</blockquote></p><p> “The odds you’re going to profit from those bearish beliefs by short selling these funds are pretty small,” said Morningstar’s Johnson, “The upside is limited, the best you can get is a 100% return on your investment, and that’s assuming ARK will run its portfolios to the ground, which isn’t going to happen. On the other hand, the worst that could happen is that if ARK has another year like they did last year. You’ll get absolutely torched.”</p><p><blockquote>“晨星公司的约翰逊说:”通过卖空这些基金,你从这些看跌信念中获利的几率非常小,“上涨空间是有限的,你能得到的最好结果就是100%的投资回报,而这前提是方舟公司将其投资组合彻底崩溃,但这是不可能发生的。另一方面,最糟糕的情况是,如果方舟公司再像去年那样度过一年。你会被彻底烧死的。”</blockquote></p><p> Still, ARK doubters already are borrowing shares and selling the short themselves. According to data from FactSet, short interest in the ARK Innovation ETF has increased to nearly 10% of its total floating shares, up from 2% at the beginning of the year.</p><p><blockquote>尽管如此,ARK 的怀疑者已经在借入股票并卖空。FactSet 的数据显示,ARK Innovation ETF 的空头权益已从年初的 2% 增至其总流通股的近 10%。</blockquote></p><p> Many noninstitutional investors don’t have the capability or channel to short stocks or ETFs themselves, and Tuttle Capital Management sees an opportunity here. “Clearly there is an increased appetite to short unprofitable tech,” Matt Tuttle, the firm’s chief executive officer, told Barron’s in an email, “The goal there was to create tools for investors to express a view.”</p><p><blockquote>许多非机构投资者自己没有能力或渠道做空股票或 ETF,塔特尔资本管理公司认为这是一个机会。“该公司首席执行官马特-塔特尔(Matt Tuttle)在一封电子邮件中告诉《巴伦周刊》:”显然,人们越来越倾向于做空不盈利的科技公司,“我们的目标是为投资者创造表达观点的工具。”</blockquote></p><p> The newly filed Short ARKK ETF plans to charge a 0.75% operating expense, mirroring the expense ratio of the ARK Innovation ETF. Compared to a simple inverse fund tracking a stock index or commodity, the fund might have a harder time returning the exact inverse of ARK Innovation’s performance, said Johnson<b>:</b>“You are betting against a moving target, and in theory, there’s going to be some degree of slippage when you try to do that.”</p><p><blockquote>新提交的空头 ARKK ETF 计划收取 0.75% 的运营费用,与 ARK Innovation ETF 的费用比率一致。约翰逊说,与跟踪股票指数或商品的简单反向基金相比,该基金可能更难返回与方舟创新公司业绩完全相反的结果。<b>:</b>“你是在押注一个移动的目标,从理论上讲,当你试图这样做时,会有一定程度的滑点。”</blockquote></p><p> To be sure, the Short ARKK ETF is still in filing. There is a chance that the SEC might not approve it, given that the fund is the first of its kind.</p><p><blockquote>可以肯定的是,空头 ARKK ETF 仍在备案中。鉴于该基金是同类基金中的第一只,美国证券交易委员会可能不会批准该基金。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/short-ark-innovation-fund-etf-51628035888?mod=hp_DAY_7\">Barrons</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/short-ark-innovation-fund-etf-51628035888?mod=hp_DAY_7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187380753","content_text":"For those bearish on ARK Invest’s innovation-driven stock picks, there might soon be a new ETF that allows investors to bet against them.\nTuttle Capital Management, a small fund company with 10 ETFs and $228 million under management, has filed to launch the Short ARKK ETF under the ticker SARK. The fund would seek to track the inverse performance of the $23 billion ARK Innovation ETF (ticker: ARKK) through swaps contracts, according to a filing with the Securities and Exchange Commission.\nInverse ETFs have been around a long time, but most bet against a broad-market index or particular sector, rather than an actively managed portfolio like ARK’s. “As far as I’m aware, it’s unprecedented,” said Ben Johnson, director of global exchange-traded fund research for Morningstar.\nIt’s not the first time that Wall Street broke norms in order to tap on investors’ surging interest—whether bullish or bearish—in ARK and its stock-picking CEO, Cathie Wood.\nEarlier this year, big investment banks started issuing structured notes tied to the firm’s actively managed ETFs. These debt securities involve complicated derivatives trades that promise some participation in the underlying assets’ gains but a certain level of downside protection.They are traditionally tied to single stocks or indexes like the S&P 500.\nThe filing for the Short ARKK ETF came as ARK funds are struggling to repeat their spectacular performance of last year. The ARK Innovation ETF, for example, gained roughly 150% in 2020 as one of the top-performing ETFs of the year. Year to date, it’s down 4.4%,after plunging 24% from the February peak.\nSome investors think Wood’s heavy bets on highflying tech stockslike Tesla(TSLA) and Square(SQ) have made the fund’s portfolio too expensive and risky, which has weighed on its performance this year as investors favored the cheaper cyclical stocks that could benefit from the postpandemic recovery.\nARK did not respond to a request for comment.\nEven for investors skeptical about Wood’s penchant for innovation stocks, though, buying an anti-ARK ETF might not be the smartest thing to do. Anyone that doesn’t like the ARK funds can simply not buy them. Shorting them could bring more risks than the potential rewards.\n“The odds you’re going to profit from those bearish beliefs by short selling these funds are pretty small,” said Morningstar’s Johnson, “The upside is limited, the best you can get is a 100% return on your investment, and that’s assuming ARK will run its portfolios to the ground, which isn’t going to happen. On the other hand, the worst that could happen is that if ARK has another year like they did last year. You’ll get absolutely torched.”\nStill, ARK doubters already are borrowing shares and selling the short themselves. According to data from FactSet, short interest in the ARK Innovation ETF has increased to nearly 10% of its total floating shares, up from 2% at the beginning of the year.\nMany noninstitutional investors don’t have the capability or channel to short stocks or ETFs themselves, and Tuttle Capital Management sees an opportunity here. “Clearly there is an increased appetite to short unprofitable tech,” Matt Tuttle, the firm’s chief executive officer, told Barron’s in an email, “The goal there was to create tools for investors to express a view.”\nThe newly filed Short ARKK ETF plans to charge a 0.75% operating expense, mirroring the expense ratio of the ARK Innovation ETF. Compared to a simple inverse fund tracking a stock index or commodity, the fund might have a harder time returning the exact inverse of ARK Innovation’s performance, said Johnson:“You are betting against a moving target, and in theory, there’s going to be some degree of slippage when you try to do that.”\nTo be sure, the Short ARKK ETF is still in filing. There is a chance that the SEC might not approve it, given that the fund is the first of its kind.","news_type":1,"symbols_score_info":{"SQ":0.9,"ARKK":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":622,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/890784357"}
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