ARK shorts are having a field day

FRI, JAN 28, 2022

YOUR WEEKLY UPDATE ON TOP ETF TRENDS

A NOTE FROM BOB

After being ignored by investors for years, dividends are hot again. Join me Monday on ETF Edge when my guest will be Simeon Hyman, Global Investment Strategist at ProShares who runs the ProShares S&P 500 Dividend Aristocrats ETF (NOBL), which hold S&P 500 stocks that have increased dividend payments annually for at least 25 years. He'll be joined by Todd Rosenbluth, Head of ETF & Mutual Fund Research at CFRA, who will help us sort through which dividend ETFs you should own in 2022. Plus Dan Egan, Managing Director of Behavioral Finance and Investing at Betterment, will be addressing the recent collapse of the meme stocks and what he is advising Betterment investors to do. ETFedge.cnbc.com at 1 PM ET.

ARK shorts are having a field day in January. But there are signs that may be peaking. Even the Tuttle Capital Short Innovation ETF (SARK), which shorts the ARKK fund and launched with great fanfare in November, has seen modest outflows in the past week or so.

Speaking of shorting things, Cathie Wood isn't the only one attracting the detractors. A lot of people don't like Meta (Facebook) either, and there's a new ETF betting that they will be the loser in a sea of winners in the Metaverse. The Subversive Metaverse ETF (PUNK) launched this week. Like the hugely successful META ETF they back companies that provide services and products that support the infrastructure and applications of the Metaverse, EXCEPT Facebook (META). "Our mission here at Subversive is to question the integrity of the status quo, which is why the PUNK Fund is short META and build a foundation for people to appreciate these emerging sectors just as much as we do," Subversive's founder, Michael Auerbach, said. "We want to make sure this industry develops, without getting 'Zucked-up', from those who see the true potential of this space." It isn't cheap: 0.75%.

Another bitcoin ETF denied. The SEC denied Fidelity's spot bitcoin ETF, again saying approving the application would not be in keeping with preventing "fraudulent and manipulative acts and practices" and would not protect investors and the public interest. It also blocked a similar proposal from Anthony Scaramucci's Skybridge Capital.

For more analysis and actionable insights, catch me live this Wednesday at 1 PM ET on ETF Edge.