Michael Burry of ‘Big Short’ Bets Against Cathie Wood’s ARKK

Michael Burry of ‘Big Short’ Bets Against Cathie Wood’s ARKK

(Bloomberg) — Michael Burry, the investor made famous by “The Big Short” movie, has taken aim at one of Wall Street’s hottest stars.

Burry’s Scion Asset Management owned bearish put contracts against 235,500 shares of the ARK Innovation ETF (ticker ARKK) at the end of the second quarter, according to a regulatory filing Monday. The new position was valued at almost $31 million, the filing says.

The flagship exchange-traded fund of Cathie Wood and her firm Ark Investment Management…


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