13.7 C
Munich

Cathie Wood of Ark Invest is scheduled to speak on CNBC near the bottom of the hour

Must read


Cathie Woods funds soared in 2020.  2021 has been a bit more choppy.

The head of Ark Invest, Cathie Wood will be giving an interview on CNBC at the bottom of the hour (scheduled).  Wood’s Ark funds were huge gains in 2020. Her innovation fund is a favorite among  traders looking for the next key companies. 

Wood is unique in that she regularly shows her new buys and sells. As such, there is some who feel her detractors have started to punish some of her investments (via shorts). 

Several hedge funds took out fresh positions in the 2Q betting against Ms. Wood’s actively managed ARK Innovation ETF fund, including  Michael Burry, who correctly called the housing market’s collapse.  His bet was made famous by Christian Bale in the 2015 film “The Big Short.” 

According to SEC filings, as of the end of June, Mr. Burry’s Scion Asset Management held bearish put options worth nearly $31 million against 235,500 shares of the ARK Innovation ETF.

Wood’s ARK Innovation Fund is down -7.5% on the year.  The  ETF rose over 140% ins 2020.



Source link

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article