Cathie Wood’s ARK Investment Management is snapping up more shares of largely unprofitable companies, doubling down on a bet that many traders and investors expect to be tested this year by rising interest rates.
Cathie Wood’s ARK Investment Management LLC is snapping up more shares of largely unprofitable companies, doubling down on a bet that many traders and investors expect to be tested this year byOver the past two weeks, Ms.
Wood’s flagship ARK Innovation exchange-traded fund has bought more than $400 million of high-growth stocks, including Roblox Corp. , Block Inc. and Robinhood Markets Inc. That’s according to the firm’s daily trading logs and stock-pricing data as of Friday. She says the companies, which span videogaming, digital payments, trading and other industries, have the potential to change the world.