For all the performance pain, it’s not all bad news for Wood and ARK. Following recent declines, data from IHS Markit Ltd. show that short interest on the flagship ARK fund is retreating. The fund’s 14-day relative strength index has dropped to 33, approaching the level that signals to technical analysts a security has fallen too far, too fast.
ARKK was 0.8% higher as of 9:41 a.m. in New York on Thursday.
This article was provided by Bloomberg News.