Because ARKK has been actively shorted by insitutions because they were scared of its sheer performance. In the end it didn't matter which stocks they put into ARKK as institutions would short ARKK no matter what and they'd additionally short any kind of growth stock there is. That's why the entire growth market has been so down and choppy recently. While admire Cathie for her work I'd have like this ETF to never exist so institutions wouldn't have had such an easy target to keep growth in check. I don't think they'll succeed though. The shorts are and will be squeezed nonetheless.
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