Cathie Wood's new space ETF trounced the first-day trading activity of Ark's previous fund launch

<p><img src="https://static3.businessinsider.com/image/606373156183e10019819575-2048/2021-02-24T000000Z_1483679467_RC20ZL9DM7TL_RTRMADP_3_JPMORGAN-BLOCKCHAIN-SPACE.JPG" border="0" alt="space station" data-mce-source="@Space_Station/Intl. Space Station/Handout via REUTERS" data-mce-caption="The moon's shadow over the United States from space is seen from the International Space Station from outer space"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul><li><strong>More than $200 million worth of shares of the <a href="https://ark-funds.com/arkx">Ark Space Exploration and Innovation ETF </a>changed hands on its first day of trading.&nbsp;</strong></li><li><strong>In comparison, Wood's last ETF to debut saw just $1.2 million worth of shares traded on its first day, per Bloomberg.</strong></li><li><strong>Wood's space ETF opened at $20.50 and is down about 1.27%.&nbsp;</strong></li><li><strong><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell'utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</strong></li></ul><hr><p>Trading volume for Cathie Wood's newest ETF has soared during its first day on the market.</p><p>More than $200 million worth of shares of the <a href="https://ark-funds.com/arkx">Ark Space Exploration and Innovation ETF </a>changed hands as of 2 p.m. ET, far surpassing the first-day action of Ark's last fund that launched in 2019. The Ark Fintech Innovation ETF saw just $1.2 million worth of shares traded on its first day, according to <a href="https://www.bloomberg.com/news/articles/2021-03-30/cathie-wood-tests-appetite-for-ark-with-launch-of-new-space-etf">Bloomberg</a>.&nbsp;</p><p>The space ETF opened at $20.50 and is currently trading down 1.27%. <br><br>The fund's top holding is <a href="https://markets.businessinsider.com/stocks/trmb-stock">Trimble</a>, a technology company that provides GPS, laser, and optical technologies for various industries. The California-based company has an 8.61% weight in the ETF.<br><br><a href="https://markets.businessinsider.com/stocks/ba-stock">Boeing</a>, <a href="https://markets.businessinsider.com/stocks/lmt-stock">Lockheed Martin</a>, and Ark's 3D printing <a href="https://markets.businessinsider.com/etfs/the-3d-printing-etf-us00214q5009">ETF</a> are also among the top 10 holdings.</p><p>Ark ETFs have pulled in nearly $16 billion this year despite the <a href="https://markets.businessinsider.com/news/stocks/cathie-wood-ark-innovation-flagship-fund-suffers-record-outflows-2021-2-1030119468">volatility</a> that rocked Wood's flagship fund.</p><p><img src="https://static2.businessinsider.com/image/606373b621887500193e834f-1230/Screen Shot 2021-03-30 at 24223 PM.png" border="0" alt="Screen Shot 2021 03 30 at 2.42.23 PM" data-mce-source="ARK Investment Management"></p><p><a href="https://markets.businessinsider.com/news/stocks/cathie-wood-space-etf-ark-innovation-volume-trading-investing-stocks-2021-3-1030260593#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/electric-planes-future-of-aviation-problems-regulations-2020-3">Why electric planes haven't taken off yet</a></p>
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