ARKK

What’s more fun to ridicule than just one ARKK ETF? A 2x leveraged ARKK ETF that experiences twice the “performance” of its underlying.

Though we’re not sure why anyone would want to replicate ARKK’s performance to a 2x degree, but for the idea that the “Innovation” ETF is due for a massive rebound, that appears to be exactly what is happening.

A filing on Tuesday with the Securities and Exchange Commission has introduced the AXS 2X Innovation exchange-traded fund (ticker TARK), which seeks to target 200% of the “performance” of the ARK Innovation Fund, according to Bloomberg Wednesday morning.