Cathie Wood‘s flagship ARK Innovation ETF (NYSE:ARKK) has been navigating through significant losses, showcasing the challenges faced by some of its major holdings.
What Happened: Since its peak in February 2021, the fund has experienced substantial losses. The ARKK ETF has declined by 72% since its peak on Feb. 19, 2021. During this period, the Nasdaq 100, its primary benchmark, has surged by 39%, reaching record highs. Year-to-date, the ARKK ETF has decreased by 15%, while the Nasdaq 100 has increased by 12%.
Data from Cathie’s Ark, a platform monitoring ARK Invest’s ETFs’ daily trades, reveals that only Tesla Inc (NASDAQ:TSLA), among ARKK’s top 10 stock holdings, has shown a positive return since joining the portfolio. Additionally, out of the 35 stocks held in the portfolio, only seven are currently in positive territory.
These are the ten largest losers within the ARKK ETF, as per data from Cathie’s Ark:
- Ginkgo Bioworks
The initial price of Ginkgo Bioworks Holdings Inc (NYSE:DNA) was $9.99. Its current price stands at $0.66, reflecting a ...
