Significant outflow detected in ARKK ETF, with top holdings including COIN, ROKU, and SQ seeing declines

From Nasdaq: 2024-04-16 13:54:03

The ARK Innovation ETF (ARKK) experienced a $97.6 million outflow, a 1.5% decrease week over week. Top components Coinbase Global Inc, Roku Inc, and Block Inc all saw declines in trading today. The one-year price performance of ARKK versus its 200-day moving average is shown in a chart.

Exchange traded funds (ETFs) operate like stocks, with investors trading ‘units’. Changes in shares outstanding data are monitored to track notable inflows or outflows. Creation of new units involves purchasing underlying holdings, while destruction involves selling holdings. Click to discover 9 other ETFs with notable outflows.

Read more at Nasdaq: Notable ETF Outflow Detected – ARKK, COIN, ROKU, SQ