HOOD - Cathie Wood's Ark Offloads $20M Of Soaring Robinhood Pauses Selloff In This Crypto Play | Benzinga
Robinhood Markets, Inc. (NASDAQ:HOOD) shares outperformed the market on Thursday, rallying strongly. Cathie Wood’s Ark Invest took advantage of this opportunity to sell some of its holdings.
What Happened: Ark through its flagship Ark Innovation ETF (NYSE:ARKK), Ark Next Generation Internet ETF (NYSE:ARKW) and Ark Fintech Innovation ETF (NYSE:ARKF), sold 1,142,482 shares of Robinhood in aggregate, valued at $20.62 million. The details of the buys are as follows:
- ARKK: 583,563 shares
- ARKW: 335,891 shares
- ARKF: 223,028 shares
Robinhood reported that its total funded ...