Cathie Wood-led investment firm Ark Invest snapped up an additional $5 million in Bullish shares on Thursday across three exchange-traded funds, as the stock closed lower.
According to its daily trading disclosure, Ark purchased a total of 139,117 shares of Bullish on Thursday for its Innovation (ARKK), Next Generation Internet (ARKW), and Blockchain and Fintech Innovation (ARKF) ETFs, valued at approximately $5 million based on today's closing price.
Ark Invest has expanded its Bullish position over the past few trading sessions. On Monday and Tuesday, the firm collectively bought $4.4 million worth of Bullish shares across the three ETFs.
Bullish's NYSE-listed shares closed down 2.73% at $35.96 on Thursday. The stock has fallen 8.9% over the past five trading days and is down 14.2% over the past month.
Mixed Q1 results
