Cathie Wood-led Ark Investment Management on Tuesday bought 11,143 shares in BYDCo (OTC: BYDDY), estimated to be worth $498,760 based on their last closing price, further raising its bets on the Chinese automaker that is quickly switching to making new energy vehicles.
Shenzhen, China-headquartered BYD’s stock OTC closed 3.4% higher at $44.7 a share on Tuesday. The stock is down 36% so far this year.
