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Cathie Wood's Ark Invest Makes Major Quantum-Si Purchase — Loads Up On 1.4M Shares Of Semiconductor Firm

Benzinga ·  Jul 13, 2023 23:39

Ark Invest, led by Cathie Wood, made some significant trades on Thursday. The most notable was the purchase of over 1.4 million shares in the semiconductor company $Quantum-Si (QSI.US)$. The transaction was valued at $3.7 million at the Quantum share's Thursday closing price of $2.58.

The Quantum-Si Trade

Ark Invest has been consistently buying shares of Quantum-Si since its listing, with the latest purchase being the largest so far. Quantum-Si, a semiconductor company, has seen a steady rise in its stock price since its listing.

Ark has deployed its healthcare-focused $ARK Genomic Revolution ETF (ARKG.US)$ to buy the shares. Quantum-Si is targeting a $21 billion market and believes it has a scalable semiconductor chip that could expand to home testing sometime after the year 2024.

Ark Invest also sold 73,100 shares of $Kratos Defense & Security Solutions (KTOS.US)$ from its $ARK Autonomous Technology & Robotics ETF (ARKQ.US)$ and $ARK Autonomous Technology & Robotics ETF (ARKQ.US)$. The transaction was valued at $977,347 based on Thursday's closing price of $13.37.

Other Key Trades:

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