Cathie Wood’s Space ETF Debut Sees $294 Million in Shares Traded
- ARKX turnover gives it eighth-best first day in ETF industry
- Fund targets firms undertaking space exploration, innovation
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Cathie Wood’s Ark Investment Management launched its first new exchange-traded fund in two years on Tuesday, a key test of the money manager’s appeal after a choppy few months of both flows and performance.
The actively managed ARK Space Exploration ETF (ticker ARKX), which tracks U.S. and global companies engaged in space exploration and innovation, saw more than $294 million worth of shares change hands in Tuesday trading, the eighth-best debut in ETF history.