Short sellers betting against Cathie Wood’s ARK ETFs are up $2.4 billion this year

Traders betting against Cathie Wood’s ARK Invest have had a lucrative run this year.

Shorting the firm’s family of eight exchange-traded funds (ETFs) has turned investors a mark-to-market profit of $2.4 billion so far in 2022 – more than twice the $941 million profit they made in all of last year, per figures from data analytics firm S3 partners.

Of that gain, $492 million has been generated since mid-August, as technology stocks resumed a downslide amid renewed rate hike fears and…

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