Cathie Wood Ark
Cathie Wood's Ark Innovation ETF has slumped in 2022.
  • Cathie Wood's Ark Invest increased its Shopify holdings as the company's shares plummeted Thursday. 
  • The ecommerce platform posted weak guidance, causing the stock to nosedive 17% in one of its worst sessions. 
  • The money manager is buying the dip, as it has done with companies like Coinbase and Tesla.

Cathie Wood's Ark Invest purchased $35 million worth of Shopify as the company endured one of its worst trading days in history.