Cathie Wood's Ark Investments further trimmed its $Tesla (TS...

Kay McCullough wrote a post · Dec 30, 2021 20:30

Cathie Wood's Ark Investments further trimmed its $Tesla (TSLA.US)$ holdings Tuesday, selling 20,446 shares worth about $22.2 million.
Ark's ETF has underperformed this year. Cathie Wood had predicted a 20% gain for her flagship fund in 2021, but that didn't happen. The Ark Innovation ETF (ARKK), is down more than 20% this year and is on track for its worst performance since its launch in 2014.