Cathie Wood’s Ark Invest Continues To Sell Shopify Shares Amid Q2 Ripples

On Thursday, Cathie Wood-led Ark Invest made significant moves in the market, with a notable decision to sell shares of Shopify Inc (NASDAQ:SHOP). This comes in the wake of Shopify’s recent volatility following its Q2 results.

The Shopify Trade: Ark Invest’s decision to sell Shopify shares across various ETFs is a continuation of its recent trading behavior. Earlier this week, Ark Invest also made a notable decision to sell Shopify shares. All in all, Ark sold $8.9 million of Shopify shares through ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). Shopify shares closed at $53.22 on Thursday.