21 days ago • Posted by William Ramstein
There's no stopping Ms. Wood--Ark lured $1B Tuesday
The flagship Ark Innovation ETF (ticker ARKK) took in a record $717 million on Tuesday, while the Ark Space Exploration and Innovation fund (ARKX) absorbed $281 million on its debut. Bearish bets have been building in ARKK, with short interest climbing to 4.9% of shares outstanding, according to data from IHS Markit Ltd, nearing the record 5.3% hit in early March. Still, none of that has taken any shine off the space fund, with Wood’s first new ETF in two years seeing $294 million worth of shares change hands on its first day. The product’s top two holdings are Trimble Inc. and another Ark vehicle, the 3D Printing ETF (PRNT).