On Thursday ARKK sold 875,000 shares, which nearly eliminates their remaining Twitter holdings. The ARKW had about 5% in Twitter at the end of last year, but cut its stake to about 2% by this week and then almost all of it was sold Thursday.
ARKW sells its Twitter Shares
ETF Newz Says:
It makes strategic sense most of the juice is gone in the deal and really only bad things can happen at this point. If the Musk buyout somehow would fail this stock could plummet 20-25%.