{"id":116566,"date":"2021-06-16T14:33:50","date_gmt":"2021-06-16T14:33:50","guid":{"rendered":"https:\/\/fin2me.com\/?p=116566"},"modified":"2021-06-16T14:33:50","modified_gmt":"2021-06-16T14:33:50","slug":"cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report\/","title":{"rendered":"Cathie Wood's Ark buys into DraftKings after shares fall on short-seller report"},"content":{"rendered":"

(Reuters) – Cathie Wood\u2019s Ark Invest said it bought shares of DraftKings on Tuesday, as the betting firm\u2019s stock slumped after Hindenburg Research disclosed a short position.<\/p>\n

DraftKings\u2019 shares, which fell as much as 11.8% on Tuesday, were slightly up in volatile trading on Wednesday.<\/p>\n

Ark Invest bought about 870,300 shares of DraftKings, making its position worth about $42.2 million, based on the stock\u2019s Tuesday close.<\/p>\n

The sports betting operator is the latest target in short seller Hindenburg\u2019s recent string of attacks against companies that went public through mergers with blank-check firms, after EV maker Lordstown Motors and Nikola Corp.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – Cathie Wood\u2019s Ark Invest said it bought shares of DraftKings on Tuesday, as the betting firm\u2019s stock slumped after Hindenburg Research disclosed a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nCathie Wood's Ark buys into DraftKings after shares fall on short-seller report - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cathie Wood's Ark buys into DraftKings after shares fall on short-seller report - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) – Cathie Wood\u2019s Ark Invest said it bought shares of DraftKings on Tuesday, as the betting firm\u2019s stock slumped after Hindenburg Research disclosed a [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-16T14:33:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/kKAxmodsDKvBBAcnyEkr.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1396\" \/>\n\t<meta property=\"og:image:height\" content=\"785\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report\/\",\"url\":\"https:\/\/fin2me.com\/markets\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report\/\",\"name\":\"Cathie Wood's Ark buys into DraftKings after shares fall on short-seller report - 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