Cathie Wood’s Ark Invest launches a space exploration ETF, to begin trading Tuesday
Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve.
Wood has garnered a large following after Ark Innovation returned nearly 150% last year. However, her flagship fund, Ark Innovation, is down nearly 9% this year. Amid the recent rotation out of technology names and into value stocks from the pressure of rising interest rates, Wood has stayed the course. Ark often buys the dip in any of its top holdings, which are all high conviction names.