ARKK, MEME: Big ETF Outflows
May 27, 2022 at 10:48 AM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ARK Innovation ETF, where 5,600,000 units were destroyed, or a 2.7% decrease week over week. Among the largest underlying components of ARKK, in morning trading today Zoom Video Communications is up about 0.5%, and Tesla is higher by about 5.6%.