MOON - MOON sees record volume traded thanks to ARKK

The small exchange traded fund Direxion Moonshot Innovators ETF (MOON) which seemed to be discovered yesterday has hit a milestone today.MOON which only has a daily trade volume average of 278,861 finished today with an all-time high in trade volume with 1,280,281 shares traded.Looking at the average past 20 days of trade volume for MOON and comparing it to today’s volume, MOON has seen a volume spike of 110.49%.Cathie Wood’s ARK Innovation ETF (ARKK) saw well below-average volume traded today in her flagship fund. Looking at the same past 20 days of trade volume for ARKK and comparing it to today’s volume, ARKK has seen a volume decline of 38.68%.No one is saying that MOON is the new ARKK or even close to it for that matter but it’s an interesting observation at the very least. Cathie Wood is still the innovation kingpin and it seems she might be inspiring

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MOON sees record volume traded thanks to ARKK