What happened to Cathie wood's Ark innovation ETF?

Daniel Foelber: On May 11, Cathie Wood's flagship ETF, the Ark Innovation ETF, fell to a fresh 52-week low of $35.10 -- a 78% drawdown from its all-time intraday high of $159.70 on Feb. 16, 2021.

Is Cathie's Ark affiliated with Ark investor?

Follow @CathiesArk on TwitterCathie's Ark is not affiliated withARK Investor Cathie Wood Graphs, numbers, and charts should only be taken as approximations. No warranty to the accuracy of the data on this website is provided by Cathie's Ark.

What is wood Ark?

Wood launched Ark as a means of packaging active stock portfolios into an ETF format. By concentrating on innovative, disruptive technologies, Ark invests in companies with the potential for both explosive short-term growth and long-term relevance.

Should you buy Ark's new tech ETF?

Many investors are content to buy the biggest names in tech stocks, but Wood is usually looking for big innovators in buzzy fields like fintech, robotics and space. It’s a high-risk, high-reward strategy that has drawn a following on Wall Street. Ark’s new ETF is geared towards companies that score well for corporate transparency.