Cathie Wood's new space ETF trounced the first-day trading activity of Ark's previous fund launch

• More than $200 million worth of shares of the $4changed hands on its first day of trading.
• In comparison, Wood's last ETF to debut saw just $1.2 million worth of shares traded on its first day, per Bloomberg.
• Wood's space ETF opened at $20.50 and is down about 1.27%.
• $4.

Trading volume for Cathie Wood's newest ETF has soared during its first day on the market.

More than $200 million worth of shares of the $4changed hands as of 2 p.m. ET, far surpassing the first-day action of Ark's last fund that launched in 2019. The Ark Fintech Innovation ETF saw just $1.2 million worth of shares traded on its first day, according to $4.

The space ETF opened at $20.50 and is currently trading down 1.27%.

The fund's top holding is $4, a technology company that provides GPS, laser, and optical technologies for various industries. The California-based company has an 8.61% weight in the ETF.

$4, $4, and Ark's 3D printing $4 are also among the top 10 holdings.

Ark ETFs have pulled in nearly $16 billion this year despite the $4 that rocked Wood's flagship fund.