Exchange-traded funds backed by Wood’s firm Ark Investment Management LLC’s have been selling shares in Sea since mid-May. Ark Fintech Innovation ETF is now the only one holding shares in the Singapore-based company, according to Bloomberg data.
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.
