TRADES
Latest Trades
32
results found
FUND
DATE
ACTION
TICKER
COMPANY
SHARES
% of ETF
ARKF 1 Nov 2021 Buy HOOD ROBINHOOD MARKETS INC 123,393 0.1253
ARKF 1 Nov 2021 Sell PINS PINTEREST INC 437,081 0.5788
ARKF 1 Nov 2021 Sell PLTR PALANTIR TECHNOLOGIES INC 397,549 0.3079
ARKF 1 Nov 2021 Buy TOST TOAST INC 31,300 0.0519
ARKF 1 Nov 2021 Buy TWLO TWILIO INC 29,718 0.2583
ARKG 1 Nov 2021 Buy ADPT ADAPTIVE BIOTECHNOLOGIES CORP 6,878 0.0034
ARKG 1 Nov 2021 Buy ALLO ALLOGENE THERAPEUTICS INC 203,297 0.0522
ARKG 1 Nov 2021 Buy ARCT ARCTURUS THERAPEUTICS HOLDINGS INC 24,824 0.0153
ARKG 1 Nov 2021 Buy CDNA CAREDX INC 281,366 0.1998
ARKG 1 Nov 2021 Sell CSTL CASTLE BIOSCIENCES INC 28,433 0.0255
ARKG 1 Nov 2021 Buy EXAS EXACT SCIENCES CORP 261,557 0.3530
ARKG 1 Nov 2021 Sell IOVA IOVANCE BIOTHERAPEUTICS INC 308,854 0.1069
ARKG 1 Nov 2021 Sell NSTG NANOSTRING TECHNOLOGIES INC 206,800 0.1381
ARKG 1 Nov 2021 Sell TAK TAKEDA PHARMACEUTICAL CO LTD 101,857 0.0200
ARKG 1 Nov 2021 Sell TXG 10X GENOMICS INC 53,045 0.1201
ARKG 1 Nov 2021 Sell VEEV VEEVA SYSTEMS INC 46,778 0.2043
ARKG 1 Nov 2021 Buy VERV VERVE THERAPEUTICS INC 44,298 0.0303
ARKK 1 Nov 2021 Buy BEAM BEAM THERAPEUTICS INC 10,000 0.0042
ARKK 1 Nov 2021 Buy NTLA INTELLIA THERAPEUTICS INC 10,000 0.0063
ARKQ 1 Nov 2021 Buy BLDE BLADE AIR MOBILITY INC 5,810 0.0021
ARKQ 1 Nov 2021 Buy KTOS KRATOS DEFENSE & SECURITY SOLUTIONS INC 124,745 0.1059
ARKQ 1 Nov 2021 Sell LMT LOCKHEED MARTIN CORP 10,400 0.1305
ARKQ 1 Nov 2021 Buy MKFG MARKFORGED HOLDING CORP 3,999 0.0010
ARKQ 1 Nov 2021 Buy NIU NIU TECHNOLOGIES 6,131 0.0062
ARKQ 1 Nov 2021 Buy PATH UIPATH INC 231,979 0.4586
ARKQ 1 Nov 2021 Sell U UNITY SOFTWARE INC 90,958 0.5085
ARKQ 1 Nov 2021 Buy VLD VELO3D INC 40,186 0.0152
ARKW 1 Nov 2021 Buy GENI GENIUS SPORTS LTD 21,705 0.0073
ARKW 1 Nov 2021 Sell PYPL PAYPAL HOLDINGS INC 1,855 0.0078
ARKW 1 Nov 2021 Buy ZM ZOOM VIDEO COMMUNICATIONS INC 30,000 0.1500
ARKX 1 Nov 2021 Sell NVDA NVIDIA CORP 372 0.0176
ARKX 1 Nov 2021 Buy VLD VELO3D INC 127,723 0.2375
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.