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SARK - ARK Innovation ETF - Accelerating Investor Withdrawals And Continued Value Destruction Likely
Tuttle Capital Short Innovation ETF
ARKK’s cumulative value destruction has more than doubled to over $8 billion since September 30.
With the majority of ARKK’s current capitalization owned by investors who are underwater in their investment (during a bull market), investor outflows will likely accelerate.
ARKK’s exposure to companies in which ARK Invest owns 5% or more is staggeringly high, which will only serve to crush these stocks more in the face of further investors.