Michael Burry is Betting Against Cathie Wood’s Fund, Tesla and Selling These 2 Other Stocks

3. ARK Innovation ETF (NYSE: ARKK) PUT

Number of Hedge Fund Holders: N/A

ARK Innovation ETF (NYSE: ARKK) is an exchange traded fund owned and managed by ARK Investment Management. It is ranked third on our list of stocks that Michael Burry is betting against and selling. The fund invests at least 65% of assets in companies that are working on disruptive innovation across the world. ARK Innovation ETF (NYSE: ARKK) benchmarks the performance of the portfolio against the S&P 500 Index and the MSCI World Index. It was launched in 2014 and returned more than 150% to investors last year. 

Latest data shows that Scion Asset Management had PUT options against 235,500 ARK Innovation ETF (NYSE: ARKK) shares. These represent 1.47% of the portfolio and are worth close to $31 million. The stake in a new addition to the portfolio compared to the first quarter.

ARK Innovation ETF (NYSE: ARKK) has more than $22 billion in assets under management with an expense ratio of 0.75%. The volume is 5,074,287 and the 52-week price range lies between $81 and $159.