Cathie Wood's ARK Buys Over 5M Shares of Skillz (SKLZ), Nearly 3M Shares of IPO UiPath (PATH)
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Cathie Wood's ARK Investment active ETFs added over 5 million shares of Skillz (NYSE: SKLZ) on Wednesday. In addition, the firm bought a new ~2.74 million share position in today's IPO UiPath Inc. (NYSE: PATH), among other purchases.
ARK's buying in the open market of these two stocks was clearly felt in the market today, with shares of SKLZ rising 33.6% and PATH rising 23%.
On the sale side, the firm sold another 163,981 Tesla (NASDAQ: TSLA) shares, among other sales.
ARK discloses its trades daily M-F. The daily trades are not comprehensive lists of a day's trades for the ARK ETFs and exclude initial/secondary public offering transactions and ETF Creation/Redemption Unit activity. Wood is famous for her ultra-bullish call on Tesla and is regarded as having the hottest hand on the Street currently.
Below is a summary of trades from 04/21/21:
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Create E-mail Alert Related CategoriesETFs, Hedge Funds, Trader Talk
Related EntitiesTesla, IPO, ARK
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