Ark Innovation ETF (ARKK) is trading 6% higher at $46.08 today.

Ark Innovation ETF has been trading between a 52-week high of $125.63 and a 52-week low of $35.1. The stock has a market cap of $9.62 Billion.

Cathie Wood Sells Coinbase (COIN) Stock Amid SEC Probe
InvestorPlace 07-27-22

Cathie Wood’s funds dumped Coinbase stock for the first time in 2022 as the SEC launched a probe into the crypto platform’s business activities
Business Insider Nederlands 07-27-22

Cathie Wood’s Ark Invest dumps 1.41 million Coinbase (COIN) shares | Invezz
Invezz 07-27-22

Growth stocks will make a quick comeback before crashing again - Chris Vermeuelen
KITCO 07-26-22

Cathie Wood Loaded Up on Zymergen (ZY) Stock Before Ginkgo Buyout
InvestorPlace 07-25-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

UB007 - 17 upvotes - source
When she kept buying Zoom, a company that did nothing with the amount of inflows it received to distinguish itself from its competition, that’s when I sold my ARKG and decided to short her stuff. Short Zoom and ARKK worked well for me but didn’t hold long enough to reap the real rewards

orteg3940 - 13 upvotes - source
>Cathie Wood of $ARKK just sold nearly 1.41 million shares of Coinbase, $COIN, at all-time lows of **$53.** The average cost average that $ARKK purchased $COIN at was **$254.65.**

SargeMaximus - 6 upvotes - source
Haha yeah. They prolly got the Diamond hands on their arkk shares

googley_me - 6 upvotes - source
ARKK is filing paperwork with the IRS to become a not for profit organization.

_Right_Tackle_ - 3 upvotes - source
Market hasn't bottomed until ARKK at $7.50 

googley_me - 3 upvotes - source
Cathie Wood’s $ARKK fund sold 1.14 million shares of $COIN at $53.00/share. The average purchase price of those shares was $254.65. Additionally, the $ARKK fund has filed paperwork with the IRS to officially become a not for profit organization.

Radiologer - 3 upvotes - source
Suckers keep buying $ARKK

indatank - 2 upvotes - source
(ARKK) is down 55% https://www.barrons.com/articles/coinbases-cathie-wood-ark-dumps-stock-51658924735?siteid=yhoof2

everlastingdeath - 2 upvotes - source
Is cathy wood just out to lose us as much money as possible? My entire roth was wiped out on Arkk

Joey-tv-show-season2 - 1 upvotes - source
Thing is the SARK fund (short ARKK ETF) hasn’t been doing too well last 2 months … seems like we are at a market bottom