Cathie Wood Sold These Nuclear Stocks As Trump's Executive Orders Sent The Sector Soaring
Cathie Wood and her Ark Invest funds decided to trim positions in two nuclear plays on Friday, as nuclear-related stocks soared broadly. President Donald Trump provided the impetus for the rally, signing executive orders to ease regulations for new nuclear reactors, while enhancing fuel supply chains. Wood's ARK Autonomous Tech ETF on Friday sold 97,238 shares of the nuclear-power startup Oklo for an estimated $4.75 million, according to Wood's ETF daily trade disclosures.