{"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&#x27;s Ark buys into DraftKings after shares fall on short-seller report"},"content":{"rendered":"<p>(Reuters) &#8211; 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<p>DraftKings\u2019 shares, which fell as much as 11.8% on Tuesday, were slightly up in volatile trading on Wednesday.<\/p>\n<p>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<p>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<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/usa-funds-ark-draftkings\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report-idUSL3N2NY38V\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; 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 [&#8230;]<\/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":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cathie Wood&#x27;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&#x27;s Ark buys into DraftKings after shares fall on short-seller report - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) &#8211; 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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 [...]","og_url":"https:\/\/fin2me.com\/markets\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report\/","og_site_name":"Fin2me","article_published_time":"2021-06-16T14:33:50+00:00","og_image":[{"width":1396,"height":785,"url":"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/kKAxmodsDKvBBAcnyEkr.jpg","type":"image\/jpeg"}],"author":"Mark","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mark","Est. reading time":"1 minute"},"schema":{"@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&#x27;s Ark buys into DraftKings after shares fall on short-seller report - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-06-16T14:33:50+00:00","dateModified":"2021-06-16T14:33:50+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/cathie-woods-ark-buys-into-draftkings-after-shares-fall-on-short-seller-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"Cathie Wood&#x27;s Ark buys into DraftKings after shares fall on short-seller report"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/116566"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=116566"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/116566\/revisions"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=116566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=116566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=116566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}