Short summary of Ark trades for 7/27/2021
Great reversal for china stocks as a whole today, even though Ark continue its sell.Similar to previous daily trade,Ark continues its buy for QUANTUM-SI and continue its sell in china related stock such as tencent,jd.com,kanzhun,pinduoduo and meituan.Ark has also started selling stock that may be reaching its 6 month high like roku and docu. One important thing to note that Ark has completely sell all of its Tencent stock in ARKK ETF(confirm,check below pictures),judging from yesterday shares in arkw and arkx,ark invest may be unloading its tencent shares in both arkw and arkx etf.
One notable stock for the day…
Tencent Holding Ltd
Tencent Holdings Limited is an investment holding comtpany. The Company and its subsidiaries are principally engaged in the provision of Internet value-added services, mobile and telecommunications value-added services and online advertising services to users in the People’s Republic of China.