Cathie Wood buys $42 million in DraftKings on dip from short-seller report

Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research had taken a short position against the stock.

Wood purchased 870,299 shares of DraftKings in her various funds. That position is worth roughly $42.2 million based on the stock's Tuesday closing price of $48.51.