SARK is 5th most actively-traded fund of all ETFs launched in 2021
NEW YORK, (December 16, 2021) – 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 5th 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
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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.
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