Cathie Wood’s ARKK Has Its Largest One-day Capital Outflow in 10-months and Approaches an 18-month Low

Seeking Alpha2022-01-15
  • Cathie Wood's flagship ARK Innovation ETF(NYSEARCA:ARKK)experiences its most significant one day of capital outflows in 10-months dating back to Mar. of 2021. ARKK experienced $352M exit the door on Wednesday, and over $500M leave the fund over the last two days per Bloomberg data.
  • ARKK is also approaching an 18-month trading low as the ETF trades at $79.90 a share. Moreover, the innovation fund is also50%off its all-time trading peak, which took place on Feb. 16. See below chart.
  • ARKK also finds itself down16.8%in 2022, which is quite a step down when comparing the exchange traded fund to the benchmark Vanguard S&P 500 ETF(NYSEARCA:VOO), which is-2.17%and tracks the S&P 500.
  • Not supporting ARKK are some of its key holdings, such as Zoom Video Communications(NASDAQ:ZM), which is ARKK's second-heaviest holding at 6.40%. ZM is currently sitting at a near 20-month low and down55.5%over the last year.
  • Moreover, ROKU Inc.(NASDAQ:ROKU), the fund's fourth-largest weighted stock at 5.94%, is at a 16-month trading low and down58.8%over a one-year time frame.
  • Teladoc Health(NYSE:TDOC)ARKK's third-largest holding at 6.17% touched a near 25-month low earlier this week on Monday and is down66.1%over the past year.
  • Selling pressure remains strong for ARKK. Vincent Deluard, global macro strategist at StoneX, stated: "The median ARKK holding has lost 55% since its 52-week high... if insiders are not buying now,why should investors?"
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Comments

  • jojoc
    2022-01-17
    jojoc
    Ok
  • CTJL
    2022-01-16
    CTJL
    These companies have high borrowing, thus not good with high interest envi
  • Dawang
    2022-01-16
    Dawang
    Maybe 2002 would be a better year for Cathie. Dont bet against her pse 😅🤣
  • niboreel
    2022-01-16
    niboreel
    Ok
  • SeanSak
    2022-01-16
    SeanSak
    Like n comment
  • lightlifer
    2022-01-16
    lightlifer
    Cathie says hold 5 years
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