.
The New York-based Ark Invest also snapped up 604,038 shares, estimated to be worth about $29.52 million, in sports betting company
DraftKings Inc (NASDAQ:DKNG).
Shares of the Boston, Massachusetts-based company closed 6.68% higher at $48.88 on Wednesday amid the non fungible token (NFT) marketplace launch.
The popular ETF money manager deployed ARKK and ARKW to buy the shares in DraftKings on Wednesday and also holds the stock via the
Ark Fintech Innovation ETF (NYSE:ARKF).
On a consolidated basis, Ark held 12.48 million shares, worth $571.99 million, in DraftKings, ahead of Thursday’s trade.
Ark Invest also bought 133,258 shares, estimated to be worth about $47 million, in