Trading volume for Cathie Wood’s newest ETF has soared during its first day on the market.
More than $200 million worth of shares of the Ark Space Exploration and Innovation ETF changed hands as of 2 p.m. ET, far surpassing the first-day action of Ark’s last fund that launched in 2019. The Ark Fintech Innovation ETF saw just $1.2 million worth of shares traded on its first day, according to Bloomberg.
The space ETF opened at $20.50 and is currently trading down 1.27%.
Video: Jim Cramer on Cathie Wood’s debut of Ark’s space exploration ETF (CNBC)
The fund’s top holding is Trimble, a technology company that provides GPS, laser, and optical technologies for various industries. The California-based company has an 8.61% weight in the ETF.
Ark ETFs have pulled in nearly $16 billion this year despite the volatility that rocked Wood’s flagship fund.