Cathie Wood's ARK Innovation ETF has surged more than 50% since early April, indicating a potential recovery from previous lows during the trade war panic. However, investor confidence remains low, as evidenced by persistent outflows and heightened short interest, which has reached a record 37% of ARKK's free float. Institutional investors are using short-selling as a hedge against large-cap tech losses. Analysts speculate that prior investors might have shifted focus to other investment avenues, contributing to the ETF's current challenges despite its strong performance.
"ARKK's speculative tech holdings like Tesla Inc., Roblox Corp., and Coinbase Global Inc. have rebounded from tariff-volatility induced lows alongside the broader stock market..."
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