A new exchange-traded fund offers the opportunity to bet against one of the top stock pickers of the last five years, Cathie Wood.

“This distinctive exposure allows investors to potentially profit from a decline in a portfolio of companies involved in disruptive industries such as electric vehicles, next-gen internet, genomics and fintech,” the press release says.

“Whether you believe that the current bull thesis for transformational industries is stretched or you are looking to provide protection to an existing portfolio of high-growth stocks, SARK is a potentially attractive opportunity worth exploring,” Tuttle Capital Management CEO Matthew Tuttle said.

Related Link: Why Cathie Wood Launched Ark Funds 

Why It’s Important: Tuttle told Benzinga there is demand for a short Ark ETF.

“There are currently over 30 million shares short on ARKK so there is massive demand,” Tuttle told Benzinga.

Tuttle points to several recent moves by Ark Funds as reasons for an inverse ETF noting that the buying and selling of Zillow Group Inc (NASDAQ:Z) by Ark “was not a good look.”

Tesla makes up 11% of the ETF, which could be worrisome as Tuttle notes CEO Elon Musk “is unpredictable.”

“Many investors with whom we speak, including financial advisors, are cautious on current valuations for unprofitable innovative companies,” Tuttle said.

The company launched the first actively-managed pre-deal SPAC ETF in December 2020 with The SPAC and New Issue ETF (NYSE:SPCX).

ARKK Performance: The Ark Innovation ETF is one of the best performing ETFs of the last five years with a return of 538.7%. The ETF is up 174.8% over the last three years.

The ETF has attracted large inflows from investors given the notoriety of Wood beating the market and timing purchases of Tesla and other high-growth stocks well.

ARKK has seen its performance fall with tech stocks falling on valuation concerns and several ill-timed buy and sells from Wood.

The ETF is up 22.8% over the last year, but down 0.9% year-to-date.

While ARKK has outpaced the broader S&P 500 for many years, the fund now trails in 2021 by a considerable margin with the SPDR S&P 500 Global (NYSE:SPY) up 27% year-to-date.