Short summary of Ark trades for 9/20/2021
Evergrande potential default spook investors around the globe resulting in a great sell-off for the day .Ark invest has taken the opportunity continue to increase their holding for Robinhood after its initial ipo hype,as well as increasing their shares in KRATOS,ROKU,COINBASE and UIPATH.It has continue to decrease their holding in china related stock such as YEAHKA . One important thing to note that Ark has completely sell all of its Tencent stock in ARKK ETF ,ARKX ETF,ARKW,ARKQ ETF,only its ARKF still hold TENCENT.Ark has also sold all of its ke holdings stock in its ETF.This could be a good start to initiate position in chinese company for those risk taker. Another stock that Ark has exited their entire position is PSTI.
One notable stock for the day…
UiPath, Inc is an enterprise automation software company