Wood’s firm is a longtime DraftKings investor She bought over 500K shares of the sports betting stock across three of her ETFs Stock is on an eight-day losing streak DraftKings (NASDAQ: DKNG) is on a now well-documented slide. If it settles lower today, its losing streak will reach eight days. The stock is off almost 19% over the past week and nearly 27% over the past month, but that’s not stopping a familiar name from buying the dip. ARK Invest founder Cathie Wood. She bought more than 500K shares of DraftKings stock. (Image: Getty Images) Cathie Wood’s ARK Investment Management, a longtime DraftKings shareholder, bought 511,049 shares of the gaming stock on Wednesday, sprinkling that purchase across three of its actively managed exchange-traded funds (ETFs). With the addition of 350,315 DraftKings shares to the ARK Innovation ETF (NYSEARCA: ARKK) — the firm’s flagship ETF —the gaming stock is now the 37th-largest component in the $7.17 billion ETF. ARKK, ARK Invest’s…Read MoreCategory: Financial, Sports Betting, sports bettingSource: Casino.org