
Ark Investment Management, led by Tesla Inc. (NASDAQ:TSLA) bull Cathie Wood, on Wednesday scooped up 4.75 million shares estimated to be worth $11.5 million in Ginkgo Bioworks Holdings Inc (NYSE:DNA) on the day the synthetic biology company slumped lower.
Ginkgo Bioworks closed 11.3% lower at $2.43 on Wednesday and is down 72% year-to-date.