Cathie Wood’s ARK Invest Sells Over 1.3 Million Shares of Opendoor Technologies
One of Cathie Wood's Ark Invest funds sold over 1,300,000 shares of Opendoor Technologies on July 15.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1,300,000 shares of Opendoor Technologies Inc. (NASDAQ: OPEN) on Thursday, as the share price of this fund traded down about 1.5% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 1,309,500 shares of Opendoor Technologies. At Thursday’s closing price, this would have valued this sale at roughly $19.6 million. This is only a small fraction of the total holdings. This fund is up 51% 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 |
|---|---|---|---|
| ARKG | CDNA | CAREDX INC | 116,897 |
| ARKG | NVS | NOVARTIS AG | 98,887 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS INC | 133,431 |
| ARKG | CSTL | CASTLE BIOSCIENCES INC | 3,699 |
| ARKK | TCEHY | TENCENT HOLDINGS LTD | 292,468 |
| ARKK | PSTG | PURE STORAGE INC | 606,465 |
| ARKK | NVS | NOVARTIS AG | 183,740 |
| ARKK | ICE | INTERCONTINENTAL EXCHANGE INC | 19,595 |
| ARKQ | TCEHY | TENCENT HOLDINGS LTD | 37,643 |
| ARKQ | NXPI | NXP SEMICONDUCTORS NV | 14,754 |
| ARKW | OPEN | OPENDOOR TECHNOLOGIES INC | 1,309,500 |
| ARKX | NVDA | NVIDIA CORP | 791 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.
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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.
