Homepage
PR Newswire
12-11-2021, 02:10 PM
SARK launches as short interest in ARKK jumps to new record
https://www.ft.com/content/47fe0b65-e5a2...2a2945511d
https://www.ft.com/content/47fe0b65-e5a2...2a2945511d
Quote:Tuttle Capital Management’s Short Innovation ETF rose by 5.5% on its first two days of trading, mirroring ARKK’s fall
The first exchange traded fund to take an inverse exposure to another ETF rose by 5.5 per cent on its first two days of trading, mirroring the day’s fall in Cathie Wood’s flagship $21bn Ark Innovation ETF (ARKK).
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger