The new ETF seeks investment results, before fees and expenses, of 200% of the daily performance of the ARK Innovation ETF (NYSEARCA: ARKK).

Alternative investment asset manager AXS Investments launched the AXS 2X Innovation ETF (NASDAQ: TARK), a 2X leveraged product focused on companies involved in transformational industries, such as fintech, autonomous vehicles, genomics, and next-gen internet. (CISION PRNewswire)

AXS 2X Innovation ETF (NASDAQ: TARK)

The ETF is best suited for those investors who are convinced of bullish prospects for the above-named disruptive sectors. It, therefore, attempts to achieve double (2x) the return of the ARK Innovation ETF (NYSEARCA: ARKK) for a single day, not for any other period.

“Recent market conditions have created what we view as a very compelling entry point for high conviction investors who believe in the value of innovation,” said Greg Bassuk, Chief Executive Officer of AXS Investments. “We are excited to offer the AXS 2X Innovation ETF as an easily accessible leveraged exposure to these companies.”

Tuttle Capital Short Innovation ETF (NASDAQ: SARK)

A short view of these same assets is offered to investors by the Tuttle Capital Short Innovation ETF (NASDAQ: SARK), which will soon join the AXS family of funds.

With an AUM of $425 million, this actively managed ETF seeks to achieve the inverse (-1x) of the return of the ARK Innovation ETF (NYSEARCA: ARKK) for a single day, not for any other period.

Bassuk added: “Our mission is to continue providing all types of investors with alternatives to traditional stock and bond exposures as highly differentiated tools needed to navigate today’s challenging markets.”

Related Story: AXS Investments Continues Acquisition Spree, Acquires Six Tuttle ETFs

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