While the rest of Wall Street was ditching the stock, Wood and her team stuck to their playbook.
Reversion to a mean is the expectation. Which mean to revert to is the problem.
Meanwhile, Wood has stuck with Tesla, which is the biggest holding in ARKK.
Wood had expressed concerns about Twitter earlier this year that are in in line with some of Musk's.
After beating much of the U.S. market in 2020, Ark's exchange-traded funds have struggled to keep up the performance.
Cathie Wood has long been an ardent supporter of Tesla CEO Elon Musk and his company.
Pressure is building in the space, with an index showing SPACs down 40% from the peak in February last year.
The average salary rose by 11% last year in the ETF industry.
The $51 million Central and Eastern Europe Fund has seen a spike in trading volume.
The frozen Russian stock market makes it impossible for investors to exercise options.
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