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Posted by
Two Blokes Jul 22 -
Filed in
Stock
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11 views
ARK Fintech Innovation ETF has surged 51% since April, but I am downgrading to hold due to high valuation and looming seasonal headwinds. The ETF's concentrated, high-beta fintech portfolio is risky with a lofty PEG ratio and significant exposure to SMID caps. Technical indicators show ARKF is overextended, trading nearly 50% above its 200-day moving average and facing key resistance.
