Cathie Wood’s flagship exchange-traded fund finally closed below its early pandemic lows on Friday, after slipping below that line in intraday trading twice this week.
The $7.1 billion ARK Innovation ETF (ticker: ARKK) closed at $$33.99 on Friday, crossing the 2020 closing low of $34.69 it marked in March that year when the overall markets plunged. It fell below that level on Tuesday and Thursday as well, though it closed above it both times.
