AXS Debuts 2x Leveraged Version Of ARK Innovation ETF

This comes on the heels of the Tuttle Short Innovation ETF (SARK) launched last year

If you’re one of those who are a big fan of Cathie Wood and the ARK ETF lineup, you’ve got another tool to demonstrate your conviction!

AXS just launched the AXS 2x Innovation ETF (TARK). It’s designed to deliver twice the daily performance of the ARK Innovation ETF (ARKK).

As a reminder, ARKK targets companies that rely on or benefit from the development of new products or services, technological improvements and advancements in scientific research relating to the areas of:

  • DNA Technologies and the “Genomic Revolution”
  • Automation, Robotics, and Energy Storage
  • Artificial Intelligence and the “Next Generation Internet”
  • Fintech Innovation

Tuttle Capital made headlines late last year when it launched the Tuttle Capital Short Innovation ETF (SARK), which delivers the inverse of the daily performance of ARKK.

SARK had some of the most fortunate timing you’ll ever see when launching. When it hit the market in November 2021, ARKK was about 20% off of its 2021, but hadn’t yet started its recent plunge which has lasted 6 months and counting. Since SARK’s launch, ARKK has fallen more than 60%, while SARK has gained more than 100%