Reported 5 months ago
ARK Invest's flagship innovation ETF, ARKK, has experienced significant losses, with individual holdings dropping as much as 93%. The fund has underperformed the stock market overall, and only one of its top 10 holdings is in positive territory. Some of the biggest losers in the ARKK ETF include stocks like Roku, Zoom Video, and Teladoc Health, with losses ranging from 59.9% to 93.4%. Despite managing $6.3 billion in assets, down from a peak of $28 billion, the ETF continues to struggle with losses while the Nasdaq 100 index has seen gains.
Source: YAHOO