Anyone Owns SARK?

I just saw this today. I'm slow....

Tuttle Capital Short Innovation ETF (SARK). How dare are they.... It seems its position is outright short ARKK with total return swap with some prime broker.

Is there a double or triple short ARK? Some investors hate innovations.

 

If you've ever made a bet with someone what you were doing was hoping you were right (obviously) but in turn that the other person was wrong (also obviously).

Going short, or in this case long inverse SARK, is betting that ARKK will be wrong.

Do you have a problem with that?

 

No. SARK is 1x ARKK short

 

There is definitely someone here who is in SARK. They posted multiple times here. Just do not recall the handle.

 

I think it is just easier to long SARK than shorting ARKK. But there is a management fee of the ETF.

 

For the bloated mid-cap tech stocks SARK & CLDS are good. I'm long ARKK weekly puts as well. CLDS is very illiquid -- current volume is 5K.

 

Maybe you saw it here?
https://www.elitetrader.com/et/threads/this-is-looking-like-a-bear-market.364345/page-3#post-5526928

https://stockcharts.com/freecharts/candleglance.html?VXX, SQQQ, UVXY, TZA, SPXS, SDOW, SRTY, FAZ, LABD, TWM, VIXY, SARK, TECS

 

you get the benefit of convexity if you are right.

 

I am terribly bad at timing markets, so I'll just stay out of both-sides of the battles. Even the best shorters out there have a high-track record for getting these things wrong (at a huge expense).

I'm just smart (or dumb) enough to know where I sit on the Dunning Kruger curve.