Markets 

Cathie Wood\u2019s ARK Invest Buys Over 700,000 Shares of DraftKings

A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. Accordingly these funds bought over 700,000 shares of DraftKings Inc. (NASDAQ: DKNG) shares on Tuesday, as the price of these ETFs gained more than 1% on Tuesday. Note that these ETFs are still up handily in the last year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 679,736 shares of DraftKings, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 28,314 shares. At Tuesday’s closing price this would have valued this purchase at roughly $31.3 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 78% in the last year, and ARKW is up 81%.

Check out all of ARK Invest’s buys for Monday:

FundDirectionTickerCompanyShares
ARKFBuySTNESTONECO LTD174,419
ARKFBuyKSPILIKASPI.KZ JSC1,603
ARKFBuySQSQUARE INC18,714
ARKGBuySGFYSIGNIFY HEALTH INC27,803
ARKGBuyRXRXRECURSION PHARMACEUTICALS INC10,440
ARKGBuyONEM1LIFE HEALTHCARE INC28,461
ARKGBuyMASS908 DEVICES INC25,427
ARKGBuyCDXSCODEXIS INC3,210
ARKKBuyTSLATESLA INC43,370
ARKKBuyPACBPACIFIC BIOSCIENCES OF CALIFORNIA INC2,124
ARKKBuyDKNGDRAFTKINGS INC679,736
ARKKBuyCRSPCRISPR THERAPEUTICS AG2,131
ARKKBuyCOINCOINBASE GLOBAL INC118,214
ARKKBuyBEAMBEAM THERAPEUTICS INC200
ARKQBuyACICATLAS CREST INVESTMENT CORP352,406
ARKQBuyTSLATESLA INC3,661
ARKQBuyNIUNIU TECHNOLOGIES300
ARKQBuyPATHUIPATH INC3,526
ARKWBuyTWLOTWILIO INC19,584
ARKWBuyCOINCOINBASE GLOBAL INC42,248
ARKWBuyDKNGDRAFTKINGS INC28,314
ARKXBuyBLDEBLADE AIR MOBILITY INC181,896

Catherine Wood, the CEO and CIO of ARK Investment Management LLC is a minority and non-voting shareholder of 24/7 Wall St., LLC, owner of 247wallst.com.

Source: Read Full Article

You May Also Like

NYC voters pick mayoral nominees as city faces steep recovery

Proposal to rewrite Thailand's military-backed constitution fails

Turkish Budget Caps 2020 Deeper in the Red