ARKX is trading 3.1% higher as its industrials-heavy, space and defense-oriented portfolio benefits from a strong move in the industrials sector and ongoing optimism around defense and infrastructure spending.
- The fund is gaining from a rally in cyclical sectors, supported by broader U.S. equity markets with major indices up over 1%.
- Continued optimism regarding future defense and infrastructure spending is lifting diversified technology and space-focused ETFs like ARKX.