Every ARKK Holding Is in the Red This Year Except for Its Cash
- BNY Mellon’s ‘Government Cash’ vehicle is ETF’s only gainer
- Thursday plunge means ARKK is down more than 50% in 2022
Cathie Wood
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
The violent stock selloff on Thursday means every single bet in Cathie Wood’s flagship strategy has lost money this year, with the sole exception of a money-market cash holding.
Exposure to BNY Mellon’s Dreyfus Government Cash Management Fund has contributed 0.03% to the ARK Innovation ETF (ticker ARKK) while all its stocks were in the red for the year as of the Thursday close, according to data compiled by Bloomberg.