With the price of the fund approaching a record drawdown (42.5% early 2020, covid-19 crash), the only winners are fat cat shorts with large lines of credit from very accommodative prime brokers, in turn funded by very accommodative central bank Cantillion effects:
(okay, I repurposed a generic cartoon to make the ark - fat cat joke)
Here's another one at FT Alphaville.
At the moment both the mean and median investor in ARKK is at a loss as a result of money coming in at/near the highs.
