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 Business Insider. At closing, the combined stock was worth over $42 million.
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