Is This the End for Cathie Wood as Ark Invest Closes Transparency ETF?

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Recently, Ark Invest released a statement which revealed its latest Transparency ETF (CTRU) will close at the end of July, just eight months after launching. This was the first ever ETF closure by the fund and came after Transparency Global announced they will stop calculating the Transparency Index, which focuses on ESG. Therefore, Wood decided to close this ETF, and its board of trustees approved the decision, as stated in a recent filing with the SEC. For existing shareholders in the fund, a redemption can be requested before July 26, when it officially closes.
Although the recent ETF closure was explained as more of a technical issue with the index it was tracking, it does beg the question of whether this is the beginning of the end for Ark Invest. Given the butchering Ark’s ETFs have taken since the growth stock market began cooling down, many investors have been wondering if the firm would eventually close its doors, signaling the end of hope for this particular sector of the market to recover quickly.