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Benzinga
Benzinga
Business
Adam Eckert

Cathie Wood's ARK Innovation ETF Is Down Again: What's Going On?

ARK Cathie Wood ARK Innovation ETF ETF Nasdaq

ARK Innovation ETF (NYSE:ARKK) is nearing 52-week lows again on Thursday, led by sharp declines in the top holdings of Ark's flagship fund.

The ARK Innovation fund is made up of disruptive growth stocks in the technology sector. Shares of several tech companies are trading lower amid overall weakness as traders continue to digest Wednesday's Fed rate hike announcement.

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