From Nasdaq, Inc.:

The ARK Innovation ETF (Symbol: ARKK) has seen an approximate $159.8 million dollar outflow and a 2.0% decrease in shares week over week. Among the largest underlying components, Coinbase Global Inc (Symbol: COIN) is up 6.4%, Roku Inc (Symbol: ROKU) is up 1%, and Block Inc (Symbol: SQ) is lower by about 0.6%.

ARKK’s one year price performance makes it clear that now could be a great time to take a closer look with its 52-week low of $33.76 per share and 52-week high of $54.52. The last trade was at $49.62, a promising development.

Exchange traded funds (ETFs) trade just like stocks, with “units” bought and sold back and forth like stocks but can also be created or destroyed to accommodate investor demand. We monitor the week-over-week change in shares outstanding data to keep a lookout for notable inflows or outflows that could impact ETFs.

The ARK Innovation ETF remains a notable player in the world of ETFs, seeing a notable outflow of $159.8 million and a decrease in shares week over week. The impact this has on its underlying components remains to be seen.



Read more: ARKK, COIN, ROKU, SQ: ETF Outflow Alert