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Short Innovation ETF Overtakes Cathie Wood’s Disruptor Fund 

Businessman superhero fly pass his competitor. Business competition concept

Tuttle Capital Management’s Short Innovation ETF has overtaken the fund it bets against, according to a report on Business Insider.

The Short Innovation ETF soared by 6% to $60.53 on Monday, bringing its returns to about 96% since its launch in November. Ark Invest’s Disruption Innovation ETF meanwhile slipped 6% to $52.46 and has fallen some 56% since November.

ARKK ETF’s performance has been hit by the low-risk appetite, with market players keener on the safe-haven stocks and equities in the oil and gas sector, as the fund has little exposure to such sectors.

Despite the decline, ARKK ETF has recorded $876 million in fund inflows so far this year and $619 million since the launch of the SARK ETF, which has reaped in $250 million inflows and $338 million in assets under management.

Tesla is the sole holding in the ARKK ETF to record returns in the past year, but its shares are down 27% due to its limited supplies amid issues involving higher input prices and supply chain disruptions.

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