Michael Burry took a shot at the fund.
The collapse of the stock was highlighted by the investor.
Wood's out performance wouldn't last and she bet against her fund.
The flagship exchange-traded fund was always going to crash back to Earth.
All of the gains from March 2020 to February 2021 have now been lost.
"This was coming because it has always been this way before, and I attached a picture of the stock chart over the last three years or so," he said.
It's a puzzle how anyone over the age of 40 didn't see it coming. The answer is wrong.
During the first year of the Pandemic, the stock price of Arkk increased from $38 to $160. The rising value of the fund's stakes in companies such asTesla, Zoom, andshopify helped propel its rise.
Its shares have plummeted this year due to a broad selloff of tech stocks in the face of rising interest rates.
Wood's fund was predicted to collapse in value back in February of 2011.
"It is too early, she is too hot, and today, short sellers are timid, but Wall Street will be ruthless in the end," the investor said at the time.
Ark was likely referring to the hype around speculative assets during the Pandemic.
There is a pattern here that can help you. You are doomed to repeat it if you don't.
Wood was bet against by the boss of the asset management company. In the second quarter of 2021, the fund held bearish put options against the fund's largest holding,Tesla.
The collapse of the US housing bubble was predicted and profited from by burry. He clashed with Musk after he criticized the CEO of the company.
The attention has been given to his warnings. He told investors to sign up for the "mother of all crashes" when he sounded the alarm on the "greatest speculative bubble of all time".
The 'Big Short' investor is special, according to an expert. He revisits Burry's bet against the housing bubble as well as his other bets.
Business Insider has an article on it.
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