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ARKK has worst trading day in nine sessions

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ARKK ETF had a tough day, with nearly all of its holdings aside from Tesla in the red.

Video Transcript

JARED BLIKRE: My pick is ARK Innovation Fund. Now, here's a heatmap. This shows some of the top components in there, and it's quite stark. It's quite stark because we see Tesla in green as the biggest mover here, the only one in green here. But look at this, Shopify down 7%, unity down 9%. And we take a look at what the stock-- well, what the ETF has actually done. This is over the last year. It's down 62%. Guess what? If we take a look at what's happened over the pandemic, we've seen a lot of other charts like this. Same in the five-year. We were talking about Snap earlier. All these high growth companies tend to look the same right now. A lot of pressure on these companies, Dave.

DAVE BRIGGS: There is, indeed. A couple bad headlines earlier this week as they closed their first fund ever, right, the transparency fund CTRU. So yeah--

JARED BLIKRE: Little trouble with the index.

DAVE BRIGGS: --been a tough environment and a very tough day and week for Cathie Wood.