I examined SARK today, which is supposed to inverse the movement of ARKK -Cathie Woods innovation fund.
On 27th Dec, SARK lost 17% at market opening, but there is no mirroring upward movement from ARKK. In fact, ARKK lost a bit on that day.
Can somebody explain to me what happened? I think k inverting ARKK is interesting short-term, but I don't understand that movement? Is it related to dividends, fees, or am I missing something else here?
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