Anti-Ark ETF to bet against Cathie Wood’s flagship fund

Those who think Cathie Wood’s hot hand is cooling may soon be able to express that view via an exchange-traded fund.

The Short ARKK ETF would seek to track the inverse performance of the US$23 billion Ark Innovation ETF (ticker ARKK) -- the largest fund in Ark Investment Management’s lineup -- through swaps contracts, according to a filing Friday with the U.S. Securities and Exchange Commission. The fund would trade under the ticker SARK and charge a 0.75% operating expense, in line with ARKK’s fee.