"Wooden sister" anti-buy, villa by the sea? Shorting the ARKK fund attracted more than $200 million in three months of establishment

On Friday, an ETF that "went head-to-head" with ARKK, the flagship fund of "Wooden Sister" Kathy Wood, has now accumulated $234 million in assets. The fund, Which is less than three months old, The Battle Capital Short Innovation ETF (SARK. US) currently has a return of about 50%.

SARK profited when ARKK fell, the fund used swap contracts to short ARKK, and achieved inflows for 10 consecutive trading days. SarK's rally means more investors are ready to go short ARKK. Rising Treasury yields are shaking technology and growth stocks, putting pressure on many of Wood's favorite stocks. ARKK has plunged 20 percent this year, while SARK is up 22 percent.

Eric Balchunas, senior ETF analyst, said: "Any standalone ETF that has access to more than $200 million in assets has overcome the odds, let alone done so in the first three months of its inception. ”

Analyst James Seyffart noted: "Not surprised by SARK's gold attraction, the trend is your friend, and for ARK, the current trend is still negative. ”

Matthew Tuttle, CEO of Tuttle Capital Management LLC, noted that SARK has recently had money inflows even on days when the ARKK was rising. In Tuttle's view, this suggests that investors are increasingly viewing the fund as a hedging tool or a bet on the macro environment, rather than just going short arKK. He said: "Regardless of the ARKK's performance, my confirmation is that funds will continue to flow into SARK. ”