ARK Innovation ETF (ARKK) is the flagship actively managed fund from ARK Invest, an advisory firm led by renowned investor Catherine Wood. The fund seeks to generate long-term capital appreciation by investing in companies that exhibit disruptive innovation. The businesses within the ETF cover areas such as automation, AI, robotics, and fintech innovation.
ARKK has lost 17.2% over the past six months and 42.3% over the past year to close the last trading session at $42.02. The ETF is currently trading 41.6% below its 52-week high of $72.00, which it hit on March 29, 2022.
