Ark Invest buys $4.4 million in bullish stock this week

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This week, Ark Invest added $4.4 million in Bullish stock to its three ETFs, signaling a bullish trend. The firm purchased 52,308 shares on Monday and 69,712 shares on Tuesday. On-chain data shows the stock rose 1.88% on Tuesday following a 15.4% decline over the previous five days, closing at $36.23. The stock is still down 16.7% over the past month.

Odaily Planet Daily reports that as of this week, Cathie Wood’s investment firm, Ark Invest, has collectively purchased $4.4 million worth of Bullish shares across its three ETFs, following a decline over the past five trading days and a slight rebound on Tuesday.

According to Ark’s daily trading statements, the company purchased 52,308 shares of Bullish on Monday and 69,712 shares on Tuesday. Based on each day’s closing price, the total purchase amount was approximately $4.4 million. Bullish’s stock has declined 15.4% over the past five trading days, rebounding 1.88% on Tuesday to close at $36.23. Despite the modest recovery, the stock has fallen 16.7% over the past month. (The Block)

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