ARKQ added 250,389 shares of Xpeng ADRs so far this week, worth about $11.02 million.
After first buying Xpeng Motors last Thursday but suffering Friday's plunge, Cathie Wood does not appear to have changed her bullishness on the EV maker.
The latest position data shows that ARK Invest, which Wood manages, has increased its bet on Xpeng by adding to its US-traded ADRs through its ARK Autonomous Tech. & Robotics ETF (ARKQ).
As of December 7, ARKQ held 527,652 shares of Xpeng ADRs worth about $24.42 million, or 1.06 percent of the position.
(ARKQ's holdings as of December 7.)
ARKQ bought 277,263 Xpeng ADRs worth about $13.4 million on Thursday, representing 0.56 percent of the position.
(ARKQ's holdings as of December 3.)
This means that ARKQ added 250,389 shares of Xpeng ADRs worth about $11.02 million so far this week.
The latest data shows that Xpeng ranks 34th in ARKQ's holdings, above BYDDY's 35th.
After ARKQ opened a position in Xpeng last week, the company was ranked 37th in its position and BYDDY was ranked 33rd at the time.
Xpeng plunged 9.3 percent at the close of US stocks on Friday to a new low since late October. It gained 5.66 percent on Monday and another 2.42 percent on Tuesday.
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