Tuttle Capital Short Innovation ETF Launches on Nasdaq
Business Wire - Nov 09 08:08 EDT
Fund Offers Inverse Exposure to a Portfolio of Disruptive Companies
NEW YORK--(BUSINESS WIRE)-- The Tuttle Capital Short Innovation ETF (Nasdaq: SARK) will start trading on the Nasdaq today. This distinctive exposure allows investors to potentially profit from a decline in a portfolio of companies involved in disruptive industries such as electric vehicles, next-gen internet, genomics and fintech.
SARK offers investors of all sizes and types convenient “one-ticker” access to a short vehicle that may otherwise be difficult to execute on their own. SARK is an actively managed exchange traded fund that attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF (NYSE Arca: ARKK) for a single day, not for any other period.
“Many investors with whom we speak, including financial advisors, are cautious on current valuations for unprofitable innovative companies,” says Matthew Tuttle, Chief Executive Officer and Chief Investment Officer of Tuttle Capital Management LLC (“TCM”), who serves as the Adviser to SARK. “Whether you believe that the current bull thesis for transformational industries is stretched, or you are looking to provide protection to an existing portfolio of high-growth stocks, SARK is a potentially attractive opportunity worth exploring.”
For more information, please visit SARKetf.com
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.
