...

Cathie Wood Keeps Selling Tesla, Unloading $62 Million of Shares




  • In Business
  • 2021-09-16 04:51:20Z
  • By Bloomberg

(Bloomberg) -- Cathie Wood's exchange-traded funds sold more Tesla Inc. shares, taking the total value of the electric vehicle maker's stock they've offloaded this month to about $266 million.

The ARK Innovation and ARK Next Generation Internet ETFs sold over 81,600 shares in Tesla on Wednesday, according to ARK Investment's daily trading update. At closing prices, that puts the value at about $62 million.

Ark funds have sold more than 350,000 Tesla shares in September so far. Still, the Elon Musk-led company is their biggest holding, according to data compiled by Bloomberg. Tesla shares have been rebounding since mid-May, gaining about 34% in the period.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

COMMENTS

More Related News

Hedge Funds Slash Faang Exposure to Two-Year Low Before Earnings
Hedge Funds Slash Faang Exposure to Two-Year Low Before Earnings

(Bloomberg) -- Hedge funds that make both bullish and bearish wagers on stocks are turning skeptical on tech megacaps just days before earnings from the...

U.S. Losing Steam Foretells Europe
U.S. Losing Steam Foretells Europe's Future Headwinds: Eco Week

(Bloomberg) -- Growth data on both sides of the Atlantic in the coming week will reveal the impact of a multitude of headwinds that hit the U.S. during the...

Negotiators Edge Closer to Global Carbon Market Deal at COP26
Negotiators Edge Closer to Global Carbon Market Deal at COP26

(Bloomberg) -- Most Read from BloombergWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyThe Top Money Maker at Deutsche Bank Reaps Billions...

U.K. Spearheads Plan to Stop Deforestation at COP26
U.K. Spearheads Plan to Stop Deforestation at COP26

(Bloomberg) -- The U.K. government is asking world leaders to pledge to halt deforestation by 2030. But Brazil -- home to the Amazon rainforest -- has yet to...

Nigeria to Launch Its ENaira Digital Currency on Monday: Report
Nigeria to Launch Its ENaira Digital Currency on Monday: Report

The Central Bank of Nigeria (CBN) will launch its digital currency, the eNaira, on Monday, Bloomberg reported. The eNaira, which is intended to complement...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business