🔴 ARK Space & Defense Innovation ETF is trading 3.3% down today as industrials and defense sectors sell off

ARK Space & Defense Innovation ETF is trading 3.3% down today as its industrials-heavy, space and defense-focused portfolio sells off alongside broader aerospace and industrial names.

• Progress in U.S.–Iran peace talks is pushing crude oil prices lower, easing inflation fears and driving a rotation away from defense and cyclical industrial plays.
• Defense and cyclical industrials together represent over 40% of the fund's total holdings.
• The ETF is currently lagging a mixed broader market, with the Nasdaq trading slightly weaker.