ARK Innovation ETF Sees $280 Million Outflow, Highlights Market Trends
This week at ETF Channel, the ARK Innovation ETF (Symbol: ARKK) has made headlines due to a notable outflow of approximately $280.4 million. This represents a 4.0% decrease in shares outstanding, dropping from 114,200,000 to 109,600,000. Among the ETF’s key holdings, Roku Inc (Symbol: ROKU) remains unchanged, Coinbase Global Inc (Symbol: COIN) is down about 2%, while Roblox Corp (Symbol: RBLX) has seen a slight increase of 0.4%. For a complete list of holdings, check the ARKK Holdings page »
Analyzing ARKK’s Price Movement
The chart below illustrates ARKK’s one-year price performance in relation to its 200-day moving average:
According to the chart, ARKK’s 52-week low stands at $36.85, and the 52-week high is $63.44, with the latest trading price at $60.81. Utilizing the 200-day moving average can provide valuable insights for technical analysis—learn more about using moving averages here ».
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Exchange-traded funds (ETFs) function similarly to stocks; however, when investors trade ETFs, they are buying and selling “units” instead of “shares.” These units can be traded like stocks, created, or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to track ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). The creation of new units necessitates purchasing the underlying holdings, while unit destruction involves selling off those holdings. These substantial flows can influence the individual components of the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- DIVI Options Chain
- COKE market cap history
- Top Ten Hedge Funds Holding LEV
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
