9/24/2021

Short summary of Ark trades for 9/24/2021

Evergrande company did not make its $83.5 million interest payment owed to bondholders and Chinese authorities have instructed the local government to prepare for the potential downfall if Evergrande fails.Also,People’s Bank of China (PBOC), the country’s central bank, announced it was banning the transaction and mining of crypto.This resulted in various growth stock declining.Ark invest has taken the opportunity continue to increase their shares in KRATOS,Signify and Robinhood. 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.Another important thing to note that ARK has sold all of its baba position at sept 4 and do not hold any more baba shares as of 23 sept.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