Your weekly update on top ETF trends
 | FRI, MAY 13, 2022 | | | |
| | | YOUR WEEKLY UPDATE ON TOP ETF TRENDS | | | | |
One of the few big gainers in the ETF world this year is the bet against Cathie Wood. The Tuttle Capital Short Innovation ETF (SARK), seeks to capture the inverse of Cathie's Ark Innovation Fund on a daily basis. And now its creator has a new product which seeks to capture the opposite, the AXS Innovation ETF (TARK), which aims to capture two times the daily exposure of ARK. Join us on ETF Edge when we talk to its creator, Matt Tuttle. What is the motivation to create leveraged and inverse ETFs for the same product, and how exactly do they work? Also joining us will be Ben Slavin, Global head of ETFs, BNYMellon, and John Davi, Chief Investment Officer, Astoria Portfolio Advisors. How is the intense volatility affecting trading in the ETF world? ETFedge.cnbc.com Another brutal week for Cathie Wood's ARKK fund. Two big holdings — Unity Software and Coinbase, reported poor earnings midweek and dragged down ARKK. On Wednesday, it broke below the pandemic closing low of $37.85 on March 20, 2020, before bouncing back on Friday. Closed at $37.40 on December 1, 2017! Cathie Wood's firm is the largest institutional owner of the company, with a 4% stake, according to Factset. Dimensional unveils another ETF conversion. This time it's the Dimensional US Marketwide Value ETF (DFUV), which began trading on Monday. It's an actively managed portfolio selected for having value characteristics. Dimensional is now in the top 10 of fund providers. |
For more analysis and actionable insights, catch me live this Monday at 1 PM ET on ETF Edge. |
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