Cathie Wood’s ARK Invest Active in DKNG, RKLB, and RBLX Trades
Cathie Wood's ARK Invest made notable moves on October 14, with the ARK Innovation ETF (ARKK) acquiring 236,289 shares of DraftKings ($DKNG), a leader in the U.S. sports betting market. Meanwhile, ARKK reduced its position in an unnamed small-cap sports management firm.
The trades reflect Wood's continued focus on disruptive growth companies, though no direct cryptocurrency or digital asset activity was reported in this batch. ARK's Space Exploration & Innovation ETF (ARKX) also saw activity, underscoring the firm's thematic investment approach.