Ark Invest has purchased a total of $4.4 million worth of Bullish shares this week

Odaily news According to a report, ARK Invest, the investment firm led by Cathie Wood, has purchased a total of $4.4 million worth of Bullish shares across three of its ETFs so far this week. The stock experienced a slight rebound on Tuesday after falling over the past five trading sessions.

According to ARK's daily trading statement, the firm bought 52,308 Bullish shares on Monday and 69,712 shares on Tuesday. Based on the closing prices of each day, the total purchase amount is approximately $4.4 million. Bullish shares have fallen 15.4% over the past five trading sessions but rebounded 1.88% on Tuesday to close at $36.23. Despite the slight recovery, the stock is still down 16.7% over the past month. (The Block)