Description

SARK provides daily 2x inverse exposure to ARKK, an ETF composed of 30-55 companies globally involved with, or that benefit from, disruptive innovation. The funds strategy involves entering into swap agreements with global financial institutions, exchanging returns based on the performance of ARKK shares. To achieve maximum results, the fund may also invest in investment grade debt securities as collateral required by the funds counterparties. As a leveraged inverse product with -2x factor that resets daily, SARK is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one-day period. Prior to August 5, 2022, the fund traded as Tuttle Capital Short Innovation ETF. On May 15, 2024, the fund changed its name from AXS Short Innovation Daily ETF to Tradr Short Innovation Daily ETF. The fund changed its name again on July 15, 2024, to Tradr 2X Short Innovation Daily ETF, reflecting an increase to 2x inverse leverage exposure.