Latest Trades
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% of ETF
ARKG 4 Aug 2021 Buy BEAM BEAM THERAPEUTICS INC 17,964 0.0196
ARKG 4 Aug 2021 Sell CLLS CELLECTIS SA 23,399 0.0037
ARKG 4 Aug 2021 Buy CRSP CRISPR THERAPEUTICS AG 12,743 0.0180
ARKG 4 Aug 2021 Buy FATE FATE THERAPEUTICS INC 82,289 0.0798
ARKG 4 Aug 2021 Buy MASS 908 DEVICES INC 2,401 0.0009
ARKG 4 Aug 2021 Sell MCRB SERES THERAPEUTICS INC 392,172 0.0319
ARKG 4 Aug 2021 Sell NVS NOVARTIS AG 133,173 0.1416
ARKG 4 Aug 2021 Buy NVTA INVITAE CORP 25,000 0.0090
ARKG 4 Aug 2021 Sell RHHBY ROCHE HOLDING AG 203,313 0.1151
ARKG 4 Aug 2021 Sell SEER SEER INC 91,963 0.0328
ARKG 4 Aug 2021 Buy SGFY SIGNIFY HEALTH INC 484,603 0.1523
ARKG 4 Aug 2021 Buy SMFR SEMA4 HOLDINGS CORP 179,239 0.0232
ARKG 4 Aug 2021 Sell TWST TWIST BIOSCIENCE CORP 71,425 0.0981
ARKG 4 Aug 2021 Buy ZY ZYMERGEN INC 2,469,102 0.2376
ARKK 4 Aug 2021 Sell DOCU DOCUSIGN INC 39,780 0.0525
ARKK 4 Aug 2021 Buy EDIT EDITAS MEDICINE INC 14,844 0.0029
ARKK 4 Aug 2021 Buy FATE FATE THERAPEUTICS INC 30,751 0.0114
ARKK 4 Aug 2021 Sell NTDOY NINTENDO CO LTD 40,654 0.0114
ARKK 4 Aug 2021 Buy PATH UIPATH INC 324,106 0.0886
ARKK 4 Aug 2021 Sell SHOP SHOPIFY INC 3,000 0.0206
ARKK 4 Aug 2021 Sell SQ SQUARE INC 63,507 0.0748
ARKK 4 Aug 2021 Sell TXG 10X GENOMICS INC 65,063 0.0534
ARKK 4 Aug 2021 Buy VCYT VERACYTE INC 5,000 0.0010
ARKQ 4 Aug 2021 Buy AVAV AEROVIRONMENT INC 22,724 0.0822
ARKQ 4 Aug 2021 Sell BYDDY BYD CO LTD 25,287 0.0643
ARKQ 4 Aug 2021 Sell JD JD.COM INC 296,997 0.7661
ARKQ 4 Aug 2021 Buy MKFG MARKFORGED HOLDING CORP 435,263 0.1608
ARKQ 4 Aug 2021 Sell PCAR PACCAR INC 95 0.0003
ARKQ 4 Aug 2021 Sell TCEHY TENCENT HOLDINGS LTD 150 0.0003
ARKW 4 Aug 2021 Buy LPSN LIVEPERSON INC 251,511 0.2588
ARKW 4 Aug 2021 Buy PD PAGERDUTY INC 30,000 0.0219
ARKW 4 Aug 2021 Sell SE SEA LTD 19,744 0.0985
ARKW 4 Aug 2021 Sell TSLA TESLA INC 8,100 0.0989
ARKW 4 Aug 2021 Sell TTD TRADE DESK INC/THE 66,907 0.0978
ARKW 4 Aug 2021 Buy VUZI VUZIX CORP 25,000 0.0062
Latest Blogs
ARK by Cathie Wood is still suffering a year after its apex.

Cathie Wood's flagship exchange-traded fund hit an all-time high in February of this year. Her preferred disruptive-tech chasing strategy may still be in for a lot of suffering after a year and a 53 percent fall.

After a dramatic decline last month, the ARK Innovation ETF (ticker: ARKK) has steadied off - it's practically flat in February – but the headwinds surrounding its speculative growth picks are just becoming more vital. Many businesses that thrived during the pandemic are being hammered by the economic reopening, not only because yields are rising as investors prepare for the US Federal Reserve to raise interest rates, which is terrible news for unprofitable businesses, but also because the economic reopening is hammering many of the businesses that thrived during the pandemic.

Roku, Teladoc, and Zoom, all winners in the work-from-home era, have had their stock prices plummet by as much as 74% in the past year.

Short bets against ARK, according to IHS Markit data, hit a fresh high of 11.4 percent of outstanding shares this week. The Tuttle Capital Short Innovation ETF (SARK), which beats the ARK, now has assets worth more than $US300 million ($416 million).

"Those equities are supported by speculation, and speculation pays less well when the Fed raises rates," said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co. "Much of what's happening in the market reminds me of what happened in the late 1990s when market segments were bid up to levels based on future assumptions."

Because its price chart resembles that of the Nasdaq index of technology businesses from more than two decades ago, analogies to that period and the dot-com implosion that followed are becoming more common in discussions of ARK.

"Today marks the 253rd trading day from ARK's all-time high," Jessica Rabe, co-founder of DataTrek Research, wrote in a Tuesday note, "while the Nasdaq was down 60% from its dot-com bubble top on the same day in 2001."

"If 2000/2001 analog holds, we should see ARK continuing to fall over the following three weeks. The Nasdaq dropped 18.7% in the next 16 trading days "recent."

Net flows are positive.

The better news for investors and Ms. Wood is that there may be some immediate respite. The Nasdaq rose 41% in six weeks in 2001 before falling.

The ARK Investment Management did not respond to a request for comment.

Most of ARK's $US15 billion asset loss has been attributed to bad performance, a plus for the company. Since the fund achieved an intraday high of $US159.70 a year ago this week, investors have withdrawn only around $US465 million, and ARK's net flows this year are positive despite a more than 20% drop.

This exceptional loyalty prevents a worsening situation and allows Wood's approach to recovering. The star fund manager has consistently emphasized that her funds have a five-year investment horizon and that she believes in many good options.

Mr. Schutte, on the other hand, says the drop is understandable because several of the company's biggest bets, such as Teladoc and Zoom, are becoming less significant as COVID-19 approaches.

"During the pandemic, there were a lot of questions about what would happen to society and how we'd go about our lives," he added.

"You drew in new investors who wanted to know "what are the upcoming themes I should invest in?" I believe you got a washout of it as well."

On Friday, Cathie Wood sold $148.9 million worth of Palantir stock, halving her exposure.

Ark Investment Management, run by Cathie Wood, sold more Palantir Technologies Inc PLTR -6.39 percent shares on Friday, cutting its stake in the Peter Thiel-backed company.

According to Friday's closing price, the famous investment management firm sold 13.5 million shares of the big data company, valued at $148.9 million.

Palantir's stock fell 6.4 percent to $11.02 per share on Friday. The stock has lost 16% of its value in the last week.

Before Friday's trade, Ark Invest held 25.53 million shares in Palantir, suggesting that the famous stock picker had trimmed over 52 percent of its total keeping a day later.

After the business disclosed lower-than-expected fourth-quarter earnings before the market opened on Thursday, Ark Invest, located in St. Petersburg, California, dumped shares in Palantir for the second time.

The software firm, well-known for its work with government organizations, posted earnings of 2 cents per share, falling short of the analyst consensus of 4 cents. The company recorded quarterly revenues of $432.87 million, higher than the $417.69 million predicted by analysts.

Palantir's stock had been sold for 4.77 million shares by the investment firm the day before.

All six of Ark Invest's active exchange-traded funds own Palantir stock, including the flagship Ark Innovation ETF ARKK -4.88 percent.

Before the recent sell-off, Ark Invest had been stockpiling Palantir shares for months.

Cathie Wood appeared on television to defend her ARK funds' dismal performance. It didn't go quite as planned.

The Ark Innovation ETF (ARKK), Cathie Wood's flagship fund, is down 30% year to date and more volatile than almost any other fund on the market. On CNBC's Halftime Report, Wood jumped at the chance to defend the fund and its deflated price, which is currently $68.80, down from $155 a year ago.

"We've seen a significant decline," Wood said, adding, "We feel innovation is at bargain basement zone." Even though her ETF was underperforming, she emphasized that her companies were still "very inexpensive" and that the current fund loss was temporary. When the call's 40 free minutes were finished, Zoom gave her an extra 10 minutes to complete the interview.

Having Zoom check to see whether she was "running out of time?" Wood, who has been aggressively buying up shares in Zoom and other IT firms that have fallen from their pandemic highs, was unhappy. Zoom, like Wood's other significant tech holdings, Teladoc Health, Roku, and Roblox, is down 20% to 40% year to date as investors worry about rising interest and inflation rates.

However, a significant chunk of the interview was devoted to a personal assault on Cathie Wood, who was named the most excellent stock picker in 2020 by Bloomberg's then-Editor-in-Chief Matthew Winkler after correctly forecasting that Tesla will one day be valued at more than $1 trillion.

Wood bluntly ignored Tuttle Capital Management's Short Innovation ETF (SARK), which tracks the inverse performance of ARKK using swaps contracts for the sole purpose of betting against Cathie Wood's selections. "They're not conducting any research." She explained, "All they're doing is shorting innovation."

Of course, SARK is betting against Cathie Woods, not on innovation. "Well, we stand for invention," Wood responded. The SARK ETF has gained 55 percent since its debut, whereas the ARKK ETF has declined by 42 percent.

Tuttle Capital Management CEO Matthew Tuttle chimed in on the SARK ETF, calling it a "tool" for investors. According to SARK, "to convey a negative view of the market, innovative enterprises, the current rising rate environment, or a [specific] portfolio manager if they wish." "It's un-American not to have options in the marketplace," Tuttle told Insider on Thursday.

In any event, Wood is making progress. Her main concern currently is bearish calls on her ETF. "Our major concern is that our investors convert temporary losses into long-term losses," Wood continued.