Michael Burry takes aim at Cathie Wood’s Ark Innovation ETF

ARK Invest Sells 800K GBTC Shares For $28M

Michael Burry, the famed investor from the film The Big Short, has taken a large short position against Cathie Wood’s Ark Innovation ETF (ETF). The ETF invests in companies such as Tesla and Square as well as GBTC. Burry’s hedge fund, Scion Asset Management, purchased $31 million worth of negative put options against 235,000 shares […]