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:
Ark Invest sold 131,922 shares of $Codexis (CDXS.US)$ through ARKG
Ark Invest sold 2,842 shares of $Schrodinger (SDGR.US)$ through ARKG
Ark Invest bought 7,712 shares of $Teradyne (TER.US)$ in its ARKQ fund and another 1,868 shares in its ARKX fund.