Robinhood inventory jumped once more Wednesday, helped by retail merchants and fund supervisor Cathie Wooden’s continued purchases.
Robinhood (HOOD) was among the many high shares talked about within the wallstreetbets Reddit discussion board early Wednesday, as choice buying and selling started on HOOD inventory.
Late Tuesday, Wooden’s ARK Fintech Innovation (ARKF) fund revealed a purchase order of 89,622 shares, bringing its whole holding to 682,031.
Earlier Tuesday, her ARK Innovation ETF (ARKK) disclosed that it held round 4.9 million shares of Robinhood inventory, representing a weighting of 0.82% within the fund.
That is up from the three.6 million disclosed final