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2021-05-19
Oo
Cathie Wood's ARK sells more Apple, adds Twitter as outflows near $1B; see all the trades
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see all the trades","url":"https://stock-news.laohu8.com/highlight/detail?id=1106659588","media":"seekingalpha","summary":"ARK Investment Management is shedding more Apple(NASDAQ:AAPL)shares as its funds face mounting outfl","content":"<ul>\n <li>ARK Investment Management is shedding more Apple(NASDAQ:AAPL)shares as its funds face mounting outflows of cash as investors shyaway from tech and disruptor stocks.</li>\n <li>Cathie Wood's funds saw weekly outflows of nearly $1B and short interest and options suggest more betting against the ETFs, Bloomberg reports.</li>\n <li>ARK sold 188,455 shares of Apple from the ARK Fintech Innovation ETF(NYSEARCA:ARKF).</li>\n <li>It bought 1,007,889 shares of Twitter(NYSE:TWTR)for the flagship ARK Innovation ETF(NYSEARCA:ARKK)and the ARK Next Generation Internet ETF(NYSEARCA:ARKW).</li>\n <li>In also added 737,283 shares of Palantir(NYSE:PLTR)for ARKK, 259,897 shares of Coinbase(NASDAQ:COIN)for ARKK, ARKF and ARKW, and 146,969 shares of DraftKings(NASDAQ:DKNG)for ARKW.</li>\n <li>ARKK fell below its 200-day simple moving average last week for the first time since April 2020.</li>\n <li>In April of this year, the chart flashed a bearish signal as the 50-day SMA fell below the 100-day SMA, and the 50-daylooks to be on a course to cross below the 200-day in a death cross.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/6d7fd0d6a84728dbb3297543cd5d842f\" tg-width=\"1713\" tg-height=\"752\"></p>\n<ul>\n <li>Tesla, the top holding in ARKK,closed below its 200-day SMA yesterday amid a host of pressures.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/053a68589c411e4f0b0daf344bf83de0\" tg-width=\"765\" tg-height=\"743\"><img src=\"https://static.tigerbbs.com/7a6b5e90389209cba5498f66b1a257c3\" tg-width=\"783\" tg-height=\"819\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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