Ark Funds

One of the hottest topics of 2021 for public companies, cryptocurrency and NFTs is the metaverse. Here’s what industry experts and real estate experts see for the metaverse opportunity. What Happened: Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said Monday that the metaverse is a “marketing...

A pure-play space ETF offering investors exposure to growth in the sector announced its semi-annual rebalancing and reconstitution. The news brings eight new companies to the ETF, including seven that went public via SPAC merger. What Happened: The Procure Space ETF (NASDAQ: UFO) announced the...

Thanks to daily trade notifications, investors can get an early look at which stocks are being added to the ETFs from Ark Funds, led by Cathie Wood. The last two trading days have shown accumulation of a new position. What Happened: In each of the last two trading days, Ark Next Generation Internet...

A new exchange-traded fund offers the opportunity to bet against one of the top stock pickers of the last five years, Cathie Wood. What Happened: The Tuttle Capital Short Innovation ETF (NASDAQ:SARK) opened for trading Tuesday. The ETF is an actively managed ETF that attempts to achieve the inverse...

Longtime Tesla Inc (NASDAQ: TSLA) bull Cathie Wood successfully predicted the rise of the electric vehicle leader’s share price when many weren’t as bullish on the company. The Ark Invest CEO recently admitted to a target price that would see her trim the position sizably. What Happened...

One of the biggest Tesla Inc (NASDAQ: TSLA) bulls and early investors in the company is doubling down with a new prediction for the stock. What Happened: Ron Baron, who heads Baron Capital Management, predicted in 2016 that Tesla would become one of the most valuable companies in the world....

After cutting huge positions of Chinese stocks across the Ark Funds ETFs, Cathie Wood is getting back in with three names added Wednesday. What Happened: Earlier this week, Ark Invest CEO Cathie Wood said she was keeping an “open mind” about Chinese stocks. “Well, I would say...

“The Big Short” investor Michael Burry may be best known as betting against the housing bubble of the mid-2000s and being rewarded handsomely. Nowadays, Burry is known for taking on electric vehicle company Tesla Inc (NASDAQ: TSLA). Burry’s latest bet increases the stakes against...

Cathie Wood shared her thoughts on Bitcoin (CRYPTO: BTC) at the B Word Conference Wednesday, an event that also featured Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and Jack Dorsey, the founder of Twitter Inc (NYSE: TWTR) and Square Inc (NYSE: SQ). Wood On ESG Impact: Wood, the founder of Ark Invest,...

Virgin Galactic Holdings Inc (NYSE: SPCE) was the big story of the weekend with founder Sir Richard Branson traveling to space aboard the Unity 22 and getting the company another step closer to taking passengers to space. Two big company backers sold big chunks of shares earlier this year...

A leading digital currency company that created the USD Coin announced a SPAC merger Thursday morning. The SPAC Deal: Circle announced a SPAC merger with Concord Acquisition Corp (NYSE: CND) valuing the company at $4.5 billion. A PIPE of $415 million is included as part of the SPAC merger and...

An MRI scanner on wheels is the highlight of Hyperfine, a company that announced a SPAC merger Thursday morning. The SPAC Deal: Hyperfine Inc and Liminal Sciences are merging with HelathCor Catalio Acquisition Corp (NASDAQ: HCAQ) valuing the company at an enterprise value of $580 million. A $126...

A social media platform that connects people living in the same neighborhoods announced a SPAC merger to help fund expansion plans. The SPAC Deal: Nextdoor announced a deal with Khosla Ventures Acquisition Co. II (NASDAQ: KVSB) that values the company at a pro forma equity value of $4.3 billion. A...

Last week featured eight announced SPAC deals. The week also had earnings from several well-known former SPACs. Here is a look back at the week that was SPACs for deals and headline news, all covered on Benzinga’s “SPACs Attack.” SPAC Deals Quantum encryption company Arqit Limited...

Ark Funds have been big proponents of scooping up shares of companies associated with 3D printing and digital manufacturing. What Happened: On Wednesday, Ark Funds bought 506,397 shares of Galileo Acquisition Corp (NYSE: GLEO), which announced a SPAC merger with Shapeways. The company is an end-to-...