Cathie Wood’s ARK Innovation ETF is shedding assets this year as it continues to underperform the technology-heavy Nasdaq 100 Index.

ARK Invest's Cathie Wood bought 223,690 shares of Snowflake worth $52.45M and $22M in Tesla on June 18, rotating capital into AI infrastructure stocks.

Cathie Wood’s ARK Innovation ETF is shedding assets this year as it continues to underperform the technology-heavy Nasdaq 100 Index.