Ark Invest raised $1.5 billion in the first half of 2022, but the stock, which is part of the Katie Wood ETF, has fallen more than 50% on average since the beginning of the year. The stock has plummeted 70% from its November peaks.
The Ark Innovation ETF has fallen from a peak of nearly $28 billion to less than $9 billion, but investors continue to pour money into the funds, hoping for a rebound, in an effort to preserve their capital.
