Read on Twitter
1 MORE THREAD: There are several more angles you cld attack here re: $ARK & the Brett Winton "scam" quote from my other thread. 1 very basic thing is to look at what is going on w/recent trading as @DougKass has recently pointed out, esp now given their massive AUM... https://twitter.com/ttp_cap/status/1384610614337802240
2/The 1st place I'd look is $PRNT, ARK's own 3D Printing ETF. I haven't included $PRNT in any of my analysis bc even tho ARK manages this ETF, it's not active (ie it's passively managed based on a 3rd party 3D Printing Index). ARK charges 66bps in fees for the ETF per their site.
3/As everyone knows they just launched $ARKX, their new actively managed "Space Exploration" ETF. The top 2 stocks in the portfolio are $TRMB (more on this one in another thread) and, low and behold, $PRNT, which has been a 6% position in $ARKX since launch...
4/Now this isn't new news - $ARKX launched 3/30 and people have been talking about some of the weird things going on in it for weeks now. You cld ask any # of ?s here about how/why they made their own PRNT ETF the 2nd largest position in the new $ARKX ETF (eg double fees etc)...
5/But what is completely bizarre to me once again is the SIZE. $ARKX is fast approaching $700m of net assets, and $PRNT is a 6% position; they already own over 1m shares of an ETF that only has 15.6m shares out. This means #ARK now owns 7% of their own 3D Printing ETF!
