What Happened: Sen. Tommy Tuberville is betting against the Ark Innovation ETF (NYSE:ARKK) with two bets in the range of $1,000 to $15,000 disclosed in filings on Mar. 11.
The options purchased were shared by CongressTrading and show that Tuberville is placing a short bet on Ark Innovation remaining below the $65 level. The options expire on Sept. 16, 2022.
Tuberville is a senator serving the state of Alabama and was previously the head football coach at the University of Cincinnati, Texas Tech University, Auburn University and the University of Mississippi.
The move by Tuberville was criticized by many on Twitter, as it represents a congressman openly betting against several high growth companies in the U.S.
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