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Business

Ramakrishnan M

Investors Pull Money Out Of ARK Innovation ETF Despite 50% Rally

ARK ETF Nvidia ARKK

Ark Invest CEO Cathie Wood speaks during the Milken Institute Global Conference in May in Beverly Hills, California. Investors have reportedly been pulling money out of ARK Innovation ETF. (PATRICK T.FALLON/GETTY IMAGES)

Investors have reportedly been pulling money out of Cathie Wood‘s flagship exchange-traded fund, the ARK Innovation ETF (NYSE:ARKK), despite its rally of over 50% this year.

Over the past 12 months, investors have withdrawn a net $717 million from the fund, the Wall Street Journal reported Sunday, citing FactSet data.

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