ARK Space & Defense Innovation ETF is trading at $32.40, down 3.9% in pre-market action as industrial holdings reverse gains from the June 8 Section 232 tariff-adjustment rally.
- The move extends a multi-day pullback for the fund, which is heavily impacted by its nearly 48% exposure to the industrials sector.
- Selling pressure is being driven by profit-taking and a broader risk-off sentiment ahead of key U.S. CPI data and softening index futures.
- Geopolitical tensions and general weakness in cyclical names are adding further downward pressure on the ETF's core holdings.