Cathie Wood’s ARK Innovation ETF falls to new low for the year


Cathie Wood’s flagship fund Ark Innovation hit its lowest point of the year on Monday amid further selling in innovation stocks.

Ark Innovation‘s drop of as much as 5% on Monday dragged the “disruptive innovation” ETF below its March low, a level that many investors are watching as a barometer for the larger tech sector.

Ark Innovation is now nearly 35% off its most recent high: $159.70 on Feb. 16.

Wood’s core ETF is now down nearly 13% this month and more than 15% year to date.

Some of Ark Innovation’s top holdings took big hits on Monday as the Nasdaq Composite dropped as much as 1.5%. Tesla fell 4% and Teladoc Health dropped 4.6%. Square and Roku fell nearly 6% and 3%,…


Ford names new F-150 electric pickup Lightning with plans to reveal it May 19

Previous article

Simon Property Group (SPG) Q1 2021 earnings

Next article

You may also like

Leave a Reply

Notify of

More in Investing