According to daily trading data from Cathy Wood's Ark Investment, its flagship fund Ark Innovation ETF (ARKK) has been sold in Japanese gaming giant Nintendo since July.Is almost wholly owned.
The fund currently holds only 1500 American depositary receipts (ADR) from Nintendo, worth about $82000.
At the end of February, wood's fund owned more than 4.7 million shares in Nintendo, when Nintendo accounted for 1.55 per cent of the fund's portfolio.
But Nintendo's shares have fallen 28% from their recent peak at the end of February as investors worry about a slowdown in sales of its Switch console. Analysts are not interested in the latest generation of Switch, which will be released on Friday. The console uses an OLED screen, but there is no significant improvement in hardware. The long-awaited inclusion of Nintendo in the Nikkei 225 index also failed to boost the stock.