DD Support Board and Research Team

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WSJ: "Investors Bail on Cathie Wood’s Popular ARK Fund
Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion"

"“You have a whole group of people who got in somewhere near the top and are sitting on horrific losses,” said Matthew Tuttle, chief executive of Tuttle Capital Management, which operates an inverse ETF that lets investors bet against Wood’s fund. “I think some of those people have said, ‘I’m never getting back to even; this is probably the best I’m going to do, and it’s time to get out.’”

"ARKK’s top five holdings are Tesla, Coinbase Global, Roku, Zoom Video Communications and Block. Only Tesla and Zoom were profitable last year. Tesla holds an 11% weight in the fund, helping power its advance this year. Shares of the electric-vehicle maker have more than doubled in 2023 but, like ARKK, are down sharply from their previous high."

https://www.wsj.com/articles/investors-are-bailing-on-cathie-woods-popular-ark-fund-dbf5d801;