The good news is if you want to bet against those holdings, the new Tuttle Capital Short Innovation ETF (NASDAQ:SARK) allows you to do that.
The fund specifically targets investors who are bearish on ARKK as it aims for an inverse return of the popular Cathie Wood's fund. And the ARKK has been on a downward trajectory this year, falling 5% year to date. ARKK's 50-day moving average has been trading below its 200-day moving average since June.
Buying shares of the Short Innovation ETF is certainly an easier option for investors than trying to take on a short position themselves in Tesla or Square where the risk will be much greater since the exposure will be in one stock as opposed to several. But whether you're long or short on ARKK, these are investments you'll want to a keep a close eye on as they can move quickly.