In the meantime, ARKQ has also sold its shares of Xpeng three times this month and now holds about $3.77 million worth of the company's stock.

On January 23, ARKQ sold another 5,167 shares of Nio stock.

ARKQ's selling of Nio shares paused for one day on January 24, then continued for three consecutive days, selling 1,400 shares, 300 shares and 100 shares from January 25 to January 27, respectively.

Notably, Nio shares traded in the US rebounded during the month.

As of Friday's close, Nio rose 4.44 percent to $12.71, accumulating a 30.36 percent gain this month. Since January 17, Nio has gained 7.71 percent.

In addition to selling Nio, ARKQ sold Xpeng shares three times this month, selling 169,472 shares on January 6, 111,173 shares on January 9 and 339,543 shares on January 10.

As of January 27, ARKQ held 368,124 shares of Xpeng worth about $3.77 million, or 0.42 percent of the ETF's total position.