Two of Cathie Wood’s ARK ETFs purchased a combined 870,299 shares of DraftKings on Tuesday after the betting company experienced a dip in share price following a short-seller report from Hindenburg Research.
Wood’s Ark Innovation ETF purchased 688,702 shares, while Ark Next Generation Internet ETF purchased 181,597 shares, according to <a href="https://markets.businessinsider.com/news/stocks/cathie-wood-ark-invest-buys-dip-draftkings-stock-short-report-2021-6-1030528428">Business Insider</a>. At closing, the combined stock was worth over $42 million.

Cathie Wood’s ARK ETFs Buy $42 Million In DraftKings After Short-Seller Report

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Cathie Wood’s ARK ETFs Buy $42 Million In DraftKings After Short-Seller Report