The number of shares shorted in Cathie Wood’s ARK Innovation ETF has jumped 195% in the past 30 days

The number of shares shorted in Cathie Wood’s ARK Innovation ETF has jumped 195% in the past 30 days

The number of shares sold short in Cathie Wood's ARK Innovation ETF (ARKK) has jumped 195% in the past 30 days, according to data from Ihor Dusaniwsky of S3 Partners.

Cathie Wood and her actively managed ETFs have been the face of the booming technology sector and the stock market's bull run over the past year, but now it appears some investors are losing faith.

The number of shares shorted in Wood's flagship fund, ARKK, jumped by 13.1 million over the last 30 days. And in the last week alone, shares shorted have soared by 3.8 million or 24%, according to S3 data.

Investors may be looking to take advantage of what could be a sustained fall in Cathie Wood's ARK Innovation ETF after the fund took the brunt of a tech sell-off over the past month.

Wood's fund has struggled as many investors look to rotate away from highly valued tech names and into financial, industrial, and energy sector plays amid the reopening of the US economy and rising interest rates.

The ETF is down over 22% in the past month despite a nearly 9% recovery on Tuesday. Year to date Wood's flagship ETF is down just over 4%.

ARKK has 10% of its $17.68