SARK | Axs Short Innovation Daily ETF short interest and earnings date annual report Mar, 2024 (2024)

FAQs

What is Sark invested in? ›

It is built to track an index: (ETF) ARK Innovation ETF. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index).

The fund is an actively managed ETF that the advisor attempts to achieve the inverse (-2x) of the return of the ARK Innovation ETF for a single day by entering into a swap on the ARK Innovation ETF.

SARK has a 0.75% management fee and a gross/net expense ratio of 1.06%/0.75%.

Sark (Sercquiais: Sèr or Cerq, French: Sercq) is an island, part of the Channel Islands in the southwestern English Channel, off the coast of Normandy, France. It is a royal fief, which forms part of the Bailiwick of Guernsey, with its own set of laws based on Norman law and its own parliament.

Sark is renowned for its magically dark skies due to the absence of cars, neon lights and street lamps.

Short sale exposure increases volatility and risk

If derivative securities are utilized, an inverse ETF's overall risk is amplified. Not only can this make the investment less liquid, but it can also increase volatility and potentially decrease gain.

You'll short an ETF when you believe the price movement of the market it's tracking will fall. You'll profit if the market works in your favour and make a loss if it turns against you. Leverage enables you to trade ETFs at a fraction of the full value of the underlying assets.

SARK Dividend Information

SARK has a dividend yield of 12.46% and paid $3.26 per share in the past year. The dividend is paid once per year and the last ex-dividend date was Dec 26, 2023.

Why invest in Treasury ETFs? ›

Treasury ETFs offer investors a way to gain passive, and often broad, exposure to U.S. Treasury bonds. They are composed of a basket of Treasury securities, typically with a focus on a particular maturity or range of maturities.

Offshore mutual funds are professionally managed funds that are established and registered outside the United States and are only available to non-U.S. citizens and non-U.S. residents. Offshore mutual funds are registered under the laws of non-U.S. jurisdictions, typically those with tax-advantageous benefits.

Currently, there is no income or inheritance tax on Sark and the committee decided to rule out introducing them. The special tax committee, led by Conseiller Kevin Delaney, suggested a £2 levy on people staying in hotels per night, £1 for staying in a B&B and 50p for people camping.

A reasonable expense ratio for an actively managed portfolio is about 0.5% to 0.75%, while an expense ratio greater than 1.5% is typically considered high these days.

Any property transaction where one person grants or transfers to another the ownership or a long leasehold in any real property situated in Sark will incur Property Transfer Tax, at the rate of 4% of the adjusted value of the transaction.

The island's currency is the Guernsey Pound, which is tied to the British Pound sterling and both are accepted throughout Sark. The Euro is accepted by a number of places on Sark at the current exchange rate.

This is to be accomplished through investing this surplus in a diversified portfolio of domestic and international investments in various fields such as areas of agriculture, real estate, oil and gas and other prospective financial derivatives.

You need to be a British or Irish resident. You can move to Sark at any time, but purchasing a property, you will have to find one available on the open market. Renting a place can be a challenge with the limited amount of properties available.

Your brokerage account includes a settlement fund—a money market mutual fund used to pay for and receive proceeds from brokerage transactions. The most common investments held in Vanguard accounts are mutual funds and ETFs (from Vanguard and other fund families) and individual stocks, bonds, options, and CDs.