ARK Innovation ETF Dumps $26.7M of Robinhood Despite HOOD's 36% Monthly Surge

According to Investing.com, ARK Innovation ETF sold 275,572 Robinhood shares on Wednesday for $26.65 million. The divestment comes even as HOOD stock has rallied more than 36% over the last month, extending recent gains driven by the company's expansion into IPO underwriting, record platform assets of $377 billion, strong trading activity, and favorable regulatory changes.
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