
Cathie Wood-led Ark Investment Management on Monday bought more shares in online sports betting firm DraftKings Inc (NASDAQ: DKNG) and fintech company Block Inc (NYSE: SQ) while shedding some Twitter Inc (NYSE: TWTR) stock.
Ark Invest bought 279,441 shares of DraftKings, estimated to be worth $5 million, boosting its stake by about 1.4%.