Fresh From Exxon Victory, Engine No. 1 Now Plots Activist ETF The Transform 500 ETF’s goal is to encourage changes at the companies it holds through proxy voting, according to a regulatory filing.
Claire Ballentine | Jun 01, 2021
(Bloomberg) The tiny activist fund that recently won at least two seats on Exxon Mobil Corp.’s board is setting its sights on a new challenge the $6.3 trillion ETF industry.
Engine No. 1, which shocked investors and analysts last week by taking the board positions at Exxon’s annual shareholder meeting, is now planning to launch its first exchange-traded fund. The Transform 500 ETF’s goal is to encourage changes at the companies it holds through proxy voting, according to a regulatory filing.
by Tyler Durden
Thursday, May 27, 2021 - 03:00 PM
If you had a sneaking suspicion that Wall Street was starting to bet against the untouchable Cathie Wood, as we did over the last couple months, you were right.
Today it was revealed that about two dozen investment advisers that included Balyasny Asset Management and a unit of Blackstone bought put options on ARK s Innovation ETF during the first quarter. Blackstone bought puts on 1.3 million ARKK shares and Balyasny acquired puts on 436,500 shares.
The managers saw Wood s fund as a alternative to buffer against a slump in stocks that surged during the pandemic, that buying puts on an index, the report said. In other words, the asset managers were
by Tyler Durden
Monday, May 24, 2021 - 05:45 AM
We have been harping on Cathie Wood s apparent strategy of selling liquid tech names in order to rotate into smaller, more speculative names, in her ARK ETFs for the better part of 2021.
While she has been able to ride out the volatility in the NASDAQ (read: the NASDAQ is literally only about 5% off highs) using this strategy so far, people in the mainstream media are starting to notice her allocation decisions and are keeping a close eye ARK s trades.
Wood s strategy has held up so far. Despite selling some of her largest holdings, ARK no longer holds a stake bigger than 20% in any stock, Bloomberg reported this week. The firm s largest holding, formerly 21.3% in Compugen, is now down to 17.2%.
ETF Battles: Want to Invest in Space Travel and Exploration? Try these 3 ETFs
It s the ARK Space Exploration ETF (ARKX) vs. the SPDR Kensho Final Frontiers ETF (ROKT) vs. the Procure Space ETF (UFO).
Author:
May 20, 2021
It s the ARK Space Exploration ETF (ARKX) vs. the SPDR Kensho Final Frontiers ETF (ROKT) vs. the Procure Space ETF (UFO).
Note: I m excited to be partnering with
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ETF Guide founder, Ron DeLegge, explains that in a typical battle , each fund is judged against the other in key categories like cost, exposure strategy, performance and a mystery category.