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Cathie Wood’s ARK Innovation Sees Biggest Cash Inflow in a Year

  • ARKK attracted $366.7 million on Tuesday after fund gained
  • ‘Definitely feels like a buy the dip,’ analyst Psarofagis says

Cathie Wood’s fans are pouring cash back into her flagship ARK Innovation ETF, the growth-stock fund that is starting to rebound from the steep losses seen this year. 

The ARK Innovation ETF pulled in $366.7 million on Tuesday, the biggest inflow in a year. The fund has gained 11% this week, double the rally in the tech-heavy Nasdaq 100 and nearly triple the advance of the benchmark S&P 500.