Cathie Wood's ARK snapped up DocuSign amid 42% nosedive

Cathie Wood's ARK exchange-traded funds snapped up shares of DocuSign during the 42% nosedive for the online-signature company, according to the firm's disclosures. Led by the ARK Innovation ETF , the funds bought $107.2 million shares of DocuSign, while the Innovation ETF sold $124.7 million worth of Tesla shares on Friday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.