ARK Launches its First Income ETF With Autocallable Innovation Strategy

ARK Invest has launched the ARK Active Autocallable Income ETF (ARKY) on Cboe BZX, marking its first income-focused strategy. ARKY uses 25–50 single-stock autocallable positions referencing companies from ARK’s innovation universe, seeking to harvest their elevated volatility for income. Sub-adviser SCG Asset Management actively adjusts strikes, maturities and payoff structures to balance distributions against NAV erosion. The ETF targets a 17.5% coupon and uses 50–60% coupon barriers, bringing a structured-note-style strategy into a daily-liquid ETF.