Ark Invest, led by Cathie Wood, made some significant trades on Thursday. The most notable was the purchase of over 1.4 million shares in the semiconductor company Quantum-Si Inc. The transaction was valued at $3.7 million based on Thursday’s closing price of $2.58.
The Quantum-Si Trade
Ark Invest has been consistently buying shares of Quantum-Si since its listing, with the latest purchase being the largest so far. Quantum-Si, a semiconductor company, has seen a steady rise in its stock price since its listing.
Ark has deployed its healthcare-focused Ark Genomic Revolution ETF (ARKG) to buy the shares. Quantum-Si is targeting a $21 billion market and believes it has a scalable semiconductor chip that could expand to home testing sometime after the year 2024.
Ark Invest also sold 73,100 shares, worth $977,347 — based on Thursday’s closing price of $13.37, of Kratos Defense & Security from its ARK Autonomous Technology & Robotics ETF (ARKQ) and ARK Space Exploration & Innovation ETF (ARKX).
Other Key Trades:
Ark Invest sold 131,922 shares of Codexis Inc through ARKG
ARKG also sold 2,842 shares of Schrodinger Inc
The ARKQ ETF bought 7,712 shares of Teradyne Inc. ARKX picked up another 1,868 shares in the automatic test equipment manufacturer.
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