Investors in the Ark Innovation ETF (ARKK) have been fed through the wringer this year, as Cathie Wood’s flagship disruption fund is already down 22% — whipsawing investors in both directions.
Of the 44 components of the fund, including Tesla (TSLA), Shopify (SHOP), Zoom Video (ZM), none are currently up on the year — leaving investors to lick their wounds. Since the ARKK topped out just shy of $160 nearly one year ago, rallies have become increasingly short-lived — such as last week’s…
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