ARK Invest lightens position in Peloton Interactive

ARK Invest sold 448,621 shares of Peloton Interactive (NASDAQ:PTON) yesterday out of the ARK Next Generation Internet ETF.
The firm still holds just over 1.7M shares of Peloton, which makes it the 14th largest holding in ARKW.
Shares of Peloton have traded flat over the last six weeks and are about 48% below their 52-week high.
Peloton Interactive (PTON) is due to reports earnings on November 4. Ahead of the report, the last three EPS revisions from analysts have been downward.