Cathie Wood’s Flagship Fund Keeps Falling

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The Street

By Dan Weil Ark Innovation ETF recently traded at $36.95, not far from its pandemic-low close of $34.69 on March 18, 2020. Asset manager Cathie Wood’s disruptive technology-stock picks are losing ground as inflation roars and bond yields soar. That’s putting a major hurt on her flagship Ark Innovation ETF (ARKK) – Get ARK Innovation ETF Report, which has now dropped close to its pandemic low. The fund recently traded at $36.45, compared with its March 18, 2020, close at $34.69. The fund’s biggest holdings are videoconferencing service Zoom Video Communications (ZM) – Get Zoom Video Communicati…

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