ARK Invest Pumps $1M into SoFi, Shares Rise After-Hours
SOFI•Cathie Wood’s ARK Invest added $1M more SoFi shares to its portfolio, boosting its fintech lender stake. The accumulation coincided with a rise in SoFi shares in after-hours trading on July 6, highlighting increased institutional confidence.
1. ARK Invest Increases SoFi Stake
Cathie Wood's ARK Invest increased its position in SoFi by approximately $1 million on July 6, marking a fresh accumulation in the company’s shares as part of ARK’s growth equity strategy.
2. Share Price Reaction
The additional purchase preceded a modest uptick in SoFi share price during after-hours trading, reflecting heightened institutional interest and potential investor confidence in SoFi’s digital banking and lending expansion plans.
