The AXS Short Innovation Daily ETF, managed by AXS Investments LLC, is a unique investment fund that focuses on the global public equity markets. It primarily uses derivatives like swaps to bet against the performance of companies in various sectors, aiming to inversely track the daily results of the ARK Innovation ETF. This strategy targets growth and value stocks across a wide range of market capitalizations, offering investors a way to potentially profit from declines in innovation-driven companies. Launched in November 2021, it's a choice for those looking to hedge or speculate against tech and innovation stock movements.