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Saturday, June 3, 2023

Investors Keep the Love for 'Mamma Cathie' Wood

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Investors certain do love their “Mamma Cathie,” “Aunt Cathie,” or as hotshot investor Cathie Wood is nicknamed in South Korea, “Money Tree.”

Even as her flagship Ark Innovation ETF  (ARKK) – Get ARK Innovation ETF Report plunges, the fund’s traders are sticking alongside for the experience.

Short curiosity (the variety of shares held quick) within the $7.8 billion fund has dropped to 9.2% of shares excellent, down from an April peak of 17%, in line with IHS Markit, as cited by Bloomberg. 

The fund has misplaced 22% during the last month.

Source: www.thestreet.com

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