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Editors Note: This article was updated on Jan. Updated March to correct the number of holdings in the ARKX ETF
Buckle up and get ready to take off as Ark Invest’s Ark Space Exploration ETF (BATS: ARKX) starts trading today What should you know about the ARKX ETF by now when investors are ready To play astronauts to boost the fund and its holdings?
All you really need to know is that Cathie Wood is involved, the legendary, innovation-minded fund manager has gained quite a reputation with retail investors, that’s because their big bets are on companies like Tesla (NASDAQ: TSLA) and Teladoc (NYSE: TDOC) have paid off The hope now is that your space exploration bet will do the same
With that in mind, here’s what you need to know about the ARKX ETF when it starts trading:
There’s no denying that investors are excited about the ARKX ETF The fund has been causing a stir since Ark Invest’s initial announcement, largely because investors are optimistic about the ripple effects Wood is widely pursued as an influencer, and its Ark Innovation ETF (NYSEARCA: ARKK) only saw $ 16 billion in inflows in 2021 USD With their support from space companies, investors are betting that fund holdings will get a boost. From there, other space stocks could rebound, all in hopes of future inclusion and the strength of the emerging trend
However, there are two things to note: The first is that many emerging space companies have been passed over in ARKX The second is that Wood and ARKK struggled this year despite their popularity, ARKK is still in the red year to this day, especially with top positions stumbling like Tesla Could this latest performance act as a headwind for the new space fund?
It seems like investors will have to wait and see – get ready for the ARKX ETF launch and make sure your portfolio is full
At the time of this writing, Sarah Smith held positions (either directly or indirectly) in any of the securities referenced in this article
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World News – CA – ARKX ETF: 11 Things to Know When Ark Space Exploration ETF Goes Trading