Cathie Wood is buying the dip. Again.
Ark Invest picked up a combined $4.4 million worth of Bullish shares on Monday and Tuesday this week, spreading the purchases across three of its exchange-traded funds. The buying spree came as Bullish stock was limping through a five-day stretch that had erased more than 15% of its value.
What Ark bought, and when
According to Ark’s daily trading disclosures, the firm purchased 52,308 Bullish shares on Monday and followed up with another 69,712 shares on Tuesday. That brings the two-day total to 122,020 shares at an average price of roughly $36.05 each.
The shares were distributed across three Ark ETFs: the Innovation fund (ARKK), the Next Generation Internet fund (ARKW), and the Blockchain and Fintech Innovation fund (ARKF). Combined value of the haul: approximately $4.4 million, calculated from closing prices on each respective trading day.
