What goes up in the stock market inevitably goes down, and that includes one of the hottest ETFs of 2020.
Cathie Wood — a money manager who rose to notable fame in 2020 with bold bets on Tesla (TSLA) and other hot tech names — saw her flagship Ark Innovation ETF lose all of its gains for 2021 on Thursday. The ETF shed 5.5% in heavy afternoon trading Thursday, which brings its year-to-date decline to a similar amount.
In 2020, the ETF skyrocketed nearly 150%.
The pullback for the much…
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