• "We couldn't be further away from a bubble, " says Cathie Wood, in a CNBC appearance, of the recent bearish sentiment, and short interest regarding ARK Invests actively managed ETFs.
• When asked what the message should be to the short community around ARK, Wood stated: "I don't think we are in a bubble, which is what I think many bears think we are." The areas which blew up back during the tech and telecom bubble are now beginning to flourish.
• Five of those areas, according to Wood, are DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technologies and they are barely off the ground Wood mentioned.
• Wood also continued to expand on her stance around deflationary pressures and how ARK believes the energy and financial sector along with the auto industry are in harm's way as they are all behind the innovation eight ball with the expansion of electric vehicles and digital wallets.
• Daily price action on ARKs ETFs:
• ARK Innovation ETF (NYSEARCA: ARKK): -0.32%.
• ARK Autonomous Technology & Robotics ETF (BATS: ARKQ): -0.25%.
• ARK Next Generation Internet ETF (NYSEARCA: ARKW): -0.10%.
• ARK Genomic Revolution Multi-Sector ETF (BATS: ARKG): -0.48%.
• ARK Fintech Innovation ETF (NYSEARCA: ARKF): -0.16%.
• ARK Space Exploration & Innovation ETF (BATS: ARKX):-0.25%.
• Moreover, see how ARK Invest's six actively managed ETFs fared against each other over a one-year period in the chart below.