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 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
