Ark Invest founder and CEO, Cathie Wood.
Ark Invest is an Insider.
The ARK Innovation exchange-traded fund sank as the sell-off in technology shares deepened.
The actively managed exchange traded fund, which trades under the ticker ARKK, fell as much as 7.3% to its lowest point in more than a year.
Tech stocks have taken a beating as fears of rising inflation and the emergence of the new Omicron coronavirus variant have been raised.
Wood's ARKK has $21 billion in assets and focuses on growth stocks with disruptive innovation. The fields of automation, robotics, and artificial intelligence are encompassed.
The fund's biggest holdings includeTesla, which accounts for 1o%, followed by Teladoc Health, and other companies with 5% each.
AKK top 10 holdings.
TICKER.
Name.
The weight is (%).
The performance for the year to date.
TSLA.
The name is Spanish.
A 9.98% is the average.
Up 40.42%.
TDOC.
TELA DOC HEALTH.
5.81%
Down 40.42%.
There is a coin.
COINBASE GLOBAL.
5.41%
Down 19.14%.
There is a person named Ryo.
There is a person named Ryo.
5.05%
Down 19.14%.
ZM.
Video communication in a way that is zoom.
5.4%)
Down 45.18%.
U.
UNITY SOFTWARE.
4.85%
Down 1 percent.
There is a spot.
Spotify technology.
4 percent.
Down 271%.
TWLO.
TWILIO Inc. is a company
3.95%
DOWN 28.61%.
Exas.
There are exact sciences.
3.80%
Down 40.32%.
It was SQ.
Square Inc.
3.81%
Down 20.18%.
Wood's magic touch seems to be waning. The star stock picker shot to prominence in 2020 thanks to her blockbuster performance driven by bets on mega-growth stocks. Her flagship fund increased more than 150% in 2020.
Matthew Tuttle, CEO and CIO of Tuttle Capital Management, which serves as the adviser, said that the Tuttle Capital Short Innovation ETF, which launched in November to gain inverse exposure to ARKK, is benefiting from Wood's slump this year.
The ticker SARK was up 6 percent Friday.
Business Insider has an original article.
