Cathie Wood's space exploration ETF sells almost all of its Virgin Galactic stock

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Virgin Galactic shares fell in trading Wednesday after Ark Invest's space exploration ETF sold nearly all of its remaining stake in the space tourism company.

After Virgin Galactic reported first quarter results, putting in doubt the schedule, Ark cut ARKX's position down to just 7,622 shares. It is now the smallest holding in the space ETF, with an 0.02% weight.

"autonomous technology and robotics" fund in recent weeks, cutting its position from over 2 million shares in late April to just 7,879 shares as of Wednesday. Like ARKX, Virgin Galactic is also now the smallest holding in the ARKQ fund.

 

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