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$113.87 -5.5  -4.6%

Last Trade - 10/05/21

Large Cap
Market Cap £19.97bn
Enterprise Value £18.25bn
Revenue £2.43bn
Position in Universe 456th / 6853

BUZZ-ARK Innovation ETF: Bruised as top-10 holdings drop, Tesla weighs

Tue 23rd February, 2021 12:33pm
** ARK Innovation ETF  ARKK.N  drops 5.3% before the bell,
dragged lower by declines in all its top-10 components
    ** Electric carmaker Tesla  TSLA.O  drops 6.1% premarket, it
is ARKK's biggest holding with a 9% weight, as per ETF.com
    ** TSLA set for YTD losses, hit by a broad selloff of
high-flying technology stocks and a dive in Bitcoin  BTC=BTSP ,
in which the Elon Musk-led company recently disclosed a $1.5 bln
    ** TSLA is the biggest decliner among ARKK's top-10
holdings, after U.S. listing of CRISPR Therapeutics  CRSP.O ,
which is down 6.5% 
    ** Chinese search giant Baidu  BIDU.O  sinks 6.2% before the
bell; stock is ARKK's seventh-biggest holding, representing 3.3%
of the portfolio
    ** Spotify  SPOT.N  slips 1.8%, distancing itself from a
record peak it hit in the previous session on announcing
expansion to more than 80 new markets, a new subscription plan  
    ** Other top-10 holdings trading lower before the bell
include online real estate platform Zillow Group  ZG.O , 
genetic test maker Invitae Corp  NVTA.N , and Jack Dorsey-led
payments technology provider Square  SQ.N 

 (Reporting by Aaron Saldanha)
 ((Aaron.Saldanha@thomsonreuters.com; +91 9810644993; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))
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