Ark Invest’s Ark Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW) ETFs offloaded shares of Spotify Technology SA (NYSE:SPOT). The ARKF ETF sold 2,408 shares, while the ARKW ETF sold a more substantial 7,614 shares. Based on Spotify’s closing price of $480.27 on the day of the trade, the total value of the sold shares amounts to approximately $4.8 million.

This move comes days after Spotify’s recent launch of Spotify for Authors, a new set of tools aimed at authors and publishers who distribute their audiobooks on its platform. Furthermore, a surge in options activity was observed for Spotify, indicating a bullish stance from investors with significant capital.

This purchase follows Pinterest’s third-quarter earnings report, which revealed a revenue beat, an EPS miss, and soft guidance. Despite the mixed results, Pinterest’s investments in AI appear to be paying off, with total revenue up 18% YoY and global monthly active users increasing by 11% YoY.

• Wood’s Ark purchased 4,012 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) for its ARKF fund. The transaction was valued at $569,944.
• ARKG sold stock of Senti Biosciences Inc (SNTI) and shares of Butterfly Network Inc (BFLY)
• ARKG bought shares of Absci Corp (ABSI) and shares of Pacific Biosciences of California Inc (PACB). ARKX sold shares of Garmin Ltd (GRMN).