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Investing

Cathie Wood’s ARK Invest Sells Over 1.5 Million Shares of Workhorse

Photo of Chris Lange
By Chris Lange Published
Cathie Wood’s ARK Invest Sells Over 1.5 Million Shares of Workhorse

© SARINYAPINNGAM / iStock via Getty Images

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1.5 million shares of Workhorse Group Inc. (NASDAQ: WKHS) on Tuesday, as the share price of this fund traded up about 2% in Tuesday’s session. The fund’s share price has nearly doubled the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 1,507,061 shares of Workhorse. At Tuesday’s closing price, this would have valued this sale at roughly $12.4 million. This is only a small fraction of the total holdings. This fund is up 91% over the past 52 weeks.

Here is a quick look at all the other sales that took place across all ARK ETFs:

Fund Ticker Company Shares
ARKF 9923HK YEAHKA LTD 638,800
ARKF SI SILVERGATE CAPITAL CORP 140,274
ARKG PHR PHREESIA INC 209,433
ARKG SYRS SYROS PHARMACEUTICALS INC 66,857
ARKG SRPT SAREPTA THERAPEUTICS INC 35,600
ARKG NSTG NANOSTRING TECHNOLOGIES INC 84,177
ARKG RHHBY ROCHE HOLDING AG 84,200
ARKG PSTI PLURISTEM THERAPEUTICS INC 3,073
ARKK BEKE KE HOLDINGS INC 1,187,600
ARKK BIDU BAIDU INC 137,234
ARKK TREE LENDINGTREE INC 90,338
ARKK NVS NOVARTIS AG 21,128
ARKK SNPS SYNOPSYS INC 142,700
ARKK REGN REGENERON PHARMACEUTICALS INC 70,302
ARKK HUYA HUYA INC 568,900
ARKK NTDOY NINTENDO CO LTD 65,800
ARKK ONVO ORGANOVO HOLDINGS INC 13,067
ARKQ WKHS WORKHORSE GROUP INC 1,507,061
ARKQ KMTUY KOMATSU LTD 27,085
ARKQ GOOG ALPHABET INC 1,861
ARKW ICE INTERCONTINENTAL EXCHANGE INC 76,202
ARKW API AGORA INC 61,401
ARKW ADYEY ADYEN NV 116,085
ARKW TREE LENDINGTREE INC 29,471
ARKX DE DEERE & CO 3,222
ARKX SPCE VIRGIN GALACTIC HOLDINGS INC 293,962

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

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Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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