Cathie Wood’s ARK Invest Sells 3.6 Million Shares of Syros Pharma
One of Cathie Wood's Ark Invest funds sold nearly 3.6 million shares of Syros Pharma on May 26.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 3.6 million shares of Syros Pharmaceuticals Inc. (NASDAQ: SYRS) on Wednesday, as the share price of this fund traded up nearly 2% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 3,574,908 shares of Syros Pharma. At Wednesday’s closing price, this would have valued this sale at roughly $20.0 million. This is only a small fraction of the total holdings. ARKK is up 81% 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 | 6060HK | ZHONGAN ONLINE P&C INSURANCE CO LTD | 677,300 |
| ARKF | GWRE | GUIDEWIRE SOFTWARE INC | 246 |
| ARKG | GH | GUARDANT HEALTH INC | 10,800 |
| ARKG | NVS | NOVARTIS AG | 166,980 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS INC | 50,671 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL CO LTD | 78,202 |
| ARKK | SYRS | SYROS PHARMACEUTICALS INC | 3,574,908 |
| ARKK | ONVO | ORGANOVO HOLDINGS INC | 8,989 |
| ARKK | HUYA | HUYA INC | 486,140 |
| ARKQ | AVAV | AEROVIRONMENT INC | 11,207 |
| ARKQ | GLEO | GALILEO ACQUISITION CORP | 22,423 |
| ARKQ | ADSK | AUTODESK INC | 119 |
| ARKX | RAVN | RAVEN INDUSTRIES INC | 9,215 |
| ARKX | ADSK | AUTODESK INC | 23 |
| ARKX | WKHS | WORKHORSE GROUP INC | 6 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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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.
