Tesla Bull Cathie Wood Scoops Up $11.5M In Bill Gates-Backed Biotech's Stock
Ark Investment Management, led by Tesla Inc. NASDAQ:TSLA bull
Ginkgo Bioworks closed 11.3% lower at
Ark Invest has been piling up shares in the
The asset management firm owns the stock via the Ark Genomic Revolution ETF BATS:ARKG and the Ark Innovation ETF NYSE:ARKK.
The two ETFs together held 73.3 million shares -- worth
See Also: Ginkgo Bioworks Stock Drops 20% After Short Sellers Call Company A 'Colossal Scam'
Besides Ark Invest, Microsoft Corp NASDAQ:MSFT cofounder Bill Gates is the other known high-profile investor in the biotech company.
Ginkgo stock was hit hard last year after two back-to-back short-seller reports alleged that the company was a "colossal scam" and "a scheme."
Photo courtesy: Ginkgo