With a jump of 80%, Tesla's weight in the ARKK fund has reached an unparalleled high
2024-07-09 23:30:55
July 10 news, Tesla's stock price rebound in recent months has made the electric car maker's weight in the $6.20 billion flagship fund of "wood sister" Cathie Wood hit a new high. According to relevant summary data, Tesla has rebounded more than 80% from the low of the year hit in April and now accounts for 15.4% of the ARK Innovation ETF (ARKK) weighting. This is after the fund reduced its Tesla position in recent weeks. According to Strategas Securities analysis, such a weight represents the most confidence in the stock in the 10-year history of this disruptive technology fund. (Titanium Media)
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