
Following up on yesterdays post: https://exchange.realvision.com/post/ark-liquidity-risk---arkg-analysis-60405fbc3ad8d62e1eb268f9?post=604128e7df7cb7692d7b5146
Here is the ARKG chart updated for today, updated with a column for each stocks performance during the day, A/H, and aggregated, as well as daily volume - as I feel each are important metrics to evaluate as well.
I'll repost the comment I wrote this morning analyzing the data, and add my thoughts on todays trades below:
From Comment Earlier Today:
Daily Performance and Fund Flows for the applicable days are below. From this data the observations I've made are:
2/24 - Despite being down almost 12% since 2/12 and seeing -330M of outflows over the preceding two dats, I don't think ARK was too worried as they still added to CMLF (890M Market Cap), but were somewhat aware of the situation as they entirely cut Hims (2.6B Market Cap).
2/25 - Second day in a row they added SGFY in pretty big relative size. SGFY dropped 13% on 2/25, so it follows their double down strategy. They also added heavily to EDIT and ADPT despite the small market caps as they were off big drops as well. This makes me think they was betting on a bounce back, as ARK already held ~3x ADV in shares of each.
2/26 - Despite a bounce back in performance ARKG saw outflows for the 4th consecutive day, and it looks like they reached into their liquidity bag by selling GOOGL and TMO heavily in order to add to ONEM which was down over 2% on... (More)