ONEM - Hims & Hers Health soars after Cathie Wood's ETF discloses stake

Recently IPO’d telehealth platform Hims & Hers Health (HIMS) rose ~27.3% today after Cathie Wood’s ARK Investment Management disclosed an ownership position in the company.ARK Genomic Revolution ETF (ARKG) has added ~461K shares of the HIMS, making the stock the 53rd largest equity holding of the fund with less than ~1.0% of weightage.Founded in 2017, HIMS went public last week after a reverse merger with the blank-check company Oaktree Acquisition Group (OAC).ARKG has also announced a position in 1Life Healthcare ([[ONEM]] +5.1%), however, Teledoc Health (TDOC), a telehealth rival of HIMS, remains its largest holding.

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Hims & Hers Health soars after Cathie Wood’s ETF discloses stake