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Benzinga

Business

Shivdeep Dhaliwal

Cathie Wood Drops $6.5 Million On SHOP And ABNB, Betting You Won't Stop Shopping Or Traveling

SHOP ABNB ARK Airbnb Ark Invest Shopify Airbnb Inc ARKK Shopify Inc e-commerce

Germany,,Mannheim,January,29.,2025,,Sign,Or,Lettering,Of,Ark

Cathie Wood-led Ark Invest made significant trades on Tuesday, spotlighting its strategic acquisitions of Shopify Inc. (NASDAQ:SHOP) and Airbnb Inc. (NASDAQ:ABNB). These trades reflect Ark’s continued interest in high-growth technology and e-commerce sectors.

The Shopify Trade saw Ark Invest making substantial purchases across three of its funds: Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS: ARKK), and ARK Next Generation Internet ETF (BATS: ARKW). The firm acquired a total of 33,829 shares of Shopify in total on Tuesday. Shopify shares ended the day at $114.42. The Ark transactions were valued at $3.9 million.

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