Cathie Wood Ark Financial Innovation ETF ($ARKK) Flagship Fund Slips – Bloomberg

Cathie Wood’s flagship exchange-traded fund edged lower in early trading on Thursday, poised to extend its decline into a fourth day.

The ARK Innovation ETF (ticker ARKK) was down about 1.3% as of 5:22 a.m. in New York, as futures for the tech-heavy Nasdaq 100 Index retreated 0.6%. The fund has fallen 9.4% this week through Wednesday amid a broader selloff in pricier-looking parts of the stock market.

The latest figures show that ARKK attracted $27.7 million on Tuesday. That’s a tiny amount compared with recent inflows to the Ark Investment Management ETF, but follows a record $465 million exit posted a day earlier.

The ARK Genomic Revolution ETF (ARKG) and the ARK Next Generation Internet fund (ARKW) continued to see withdrawals, losing $128 million and $51 million, respectively. That follows a record outflow for each product on Monday. ARKG edged lower in early trading.

— With assistance by Claire Ballentine