Cathie Wood’s Ark Bought Sea Shares as Gaming Firm Plunged

Ark ETFs bought more than 145,000 shares in the company
Sea rebounded Tuesday after erasing $16 billion in value

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By Ishika Mookerjee and Abhishek Vishnoi

February 14, 2022 at 11:54 PM EST

Updated on

February 15, 2022 at 4:04 PM EST

This article is for subscribers only.

Cathie Wood took advantage of a record slump in Sea Ltd., snapping up more of the gaming firm’s shares after India banned one of its products.

Wood’s thematic investing firm ARK Investment Management LLC bought more than 145,000 Sea shares on Monday, with the Ark Next Generation Internet ETF buying up the bulk, according to the firm’s daily trading updates compiled by Bloomberg.