Another Cathie Wood Fund Exits Sea After $175 Billion Selloff
- Ark’s Internet ETF sold its last few shares on Thursday
- Wood’s ETFs have been selling shares in Sea since mid-May
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Funds managed by Cathie Wood are exiting the beleaguered Southeast Asian e-commerce giant Sea Ltd. one by one.
Ark Next Generation Internet ETF on Thursday sold its last few shares in Sea, almost a quarter after flagship Ark Innovation ETF exited from the company in June, according to Ark trading data compiled by Bloomberg.