ARK Going Big on DraftKings ($DKNG), Offloading PayPal ($PYPL)

These two stocks represent the bulk of the ARK ETF complex's activity today in dollar terms

Cathie Wood’s ARK actively managed ETFs today made some big portfolio changes, most notably in PayPal Holdings Inc ($PYPL), where her managers sold over $60 million in stock, and in DraftKings Inc ($DKNG), where her managers bought nearly the same amount.

Based on closing prices for each equity security and the daily trade transparency provided by ARK, we compiled the below table for investors to more easily approximate what ARK’s moves were today.

What are your thoughts? Feel free to comment if you think these are good moves to follow, or on the flip side if these may represent an opportunity for smaller market participants to take advantage of Whale Watching!