Industry description
The investment seeks to provide the daily investment results, before fees and expenses, of two times the inverse (-200%) of the daily performance of the ARK Innovation ETF.
The fund is an actively managed exchange traded fund that attempts to achieve the inverse (-200) of the return of the ARK Innovation ETF for a single trading day (and not for any other period) by entering into one or more swaps on the ARK Innovation ETF. It is non-diversified.