Tuttle Capital Short Innovation ETF (SARK) Breaks $100 Million AUM Barrier

Rhea-AI Summary

Tuttle Capital Management announced that its Tuttle Capital Short Innovation ETF (SARK) has surpassed $100 million in assets under management (AUM) as of December 14, reaching $107.5 million in just 24 trading days. With an average trading volume of 590,000 shares per day, SARK is the 5th most actively-traded ETF launched in 2021. The fund targets companies in growth sectors like electric vehicles and genomics, appealing to investors looking to hedge against rising rates.

Positive

• SARK achieved $107.5 million in AUM in just 24 trading days, signaling strong investor interest.
• Average trading volume of 590,000 shares per day indicates high liquidity and engagement.
• SARK ranks as the 5th most actively-traded ETF launched in 2021, reflecting positive market reception.

Negative

• None.

SARK is 5th most actively-traded fund of all ETFs launched in 2021

NEW YORK--(BUSINESS WIRE)-- Tuttle Capital Management LLC (“TCM”) is pleased to announce that its Tuttle Capital Short Innovation ETF (Nasdaq:SARK) has surpassed $100 million in assets under management (AUM). As of the close of business on December 14, AUM stood at $107.5 million, having reached the $100 million mark in just 24 trading days. SARK allows investors to express a short view on a portfolio of companies across several transformational industries such as next-gen internet, electric vehicles, genomics, and fintech.

From its November 9 listing through December 14, SARK’s volume has averaged 590,00 shares per day. On a turnover basis, SARK is averaging over $21.5 million traded per day, making it the 5^th most actively-traded ETF launched so far this year. Additionally, options on SARK began trading on December 1, 2021.

“While the $100 million AUM level is an accomplishment on its own, we are extremely encouraged by SARK’s trading volumes since the launch. Investors have really embraced the fund not only as a way to hedge their growth portfolios, but as a vehicle to invest against a basket of stocks that are especially vulnerable in a rising rate environment,” commented Matthew Tuttle, Chief Executive Officer and Chief Investment Officer of TCM, Advisor to SARK.

For more information please visit www.SARKetf.com.

About Tuttle Capital Management
TCM is an industry leader in offering thematic ETFs that utilize informed agility to manage portfolios in a more dynamic manner. As of December 14, 2021, TCM managed 12 strategies with AUM of $227 million. Please visit www.tuttlecap.com for more information.

The Tuttle Capital Short Innovation ETF, the Collaborative Investment Series trust, and Tuttle Capital Management, LLC are not affiliated with the ARK ETF Trust, The ARK Innovation ETF, or ARK Investment Management LLC.

There is no guarantee that this, or any investment strategy will succeed. Shares of these ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Tuttle Capital Short Innovation ETF. This and other important information about the Fund are contained in the prospectus, which can be obtained SARKetf.com or by calling 866-904-0406. The prospectus should be read carefully before investing.

Investing involves risk, including the potential loss of principal.

The use of inverse instruments may expose the Fund to additional risks that it would not be subject to if it invested only in "long" positions.

Trading derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities.

Distributor: Foreside Fund Services, LLC

View source version on businesswire.com: https://www.businesswire.com/news/home/20211216005152/en/

Media:

Morgan Polley

Gregory FCA, for Tuttle Capital Management

(610) 228-2140

morgan@gregoryfca.com

Source: Tuttle Capital Management LLC

FAQ

What is the current AUM of SARK as of December 2021?

As of December 14, 2021, SARK has an AUM of $107.5 million.

When was SARK launched?

SARK was launched on November 9, 2021.

How is SARK performing in terms of trading volume?

SARK has an average trading volume of 590,000 shares per day since its launch.

What industries does SARK focus on?

SARK focuses on companies in transformational industries like next-gen internet, electric vehicles, genomics, and fintech.

Why do investors choose SARK?

Investors choose SARK to hedge growth portfolios and invest against vulnerable stocks in a rising rate environment.