ARK Space Exploration & Innovation ETF (BATS:ARKX) Trading 35% Higher – What’s Next?

ARK Space Exploration & Innovation ETF (BATS:ARKX)’s stock price traded up 35% during trading on Friday . The company traded as high as $20.13 and last traded at $26.29. 55,744 shares were traded during mid-day trading, a decline of 55% from the average session volume of 122,544 shares. The stock had previously closed at $19.48.

ARK Space Exploration & Innovation ETF Trading Up 35.0%

The firm has a market capitalization of $364.12 million, a PE ratio of 28.18 and a beta of 1.25. The business’s 50 day simple moving average is $26.06 and its 200 day simple moving average is $21.85.

Hedge Funds Weigh In On ARK Space Exploration & Innovation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ARKX. Advantage Trust Co purchased a new position in shares of ARK Space Exploration & Innovation ETF in the 2nd quarter worth $68,000. NBC Securities Inc. grew its stake in shares of ARK Space Exploration & Innovation ETF by 85,430.0% in the 1st quarter. NBC Securities Inc. now owns 8,553 shares of the company’s stock worth $151,000 after buying an additional 8,543 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new position in shares of ARK Space Exploration & Innovation ETF in the 2nd quarter worth $200,000. Finally, Flow Traders U.S. LLC grew its stake in shares of ARK Space Exploration & Innovation ETF by 69.7% in the 1st quarter. Flow Traders U.S. LLC now owns 232,611 shares of the company’s stock worth $4,127,000 after buying an additional 95,560 shares in the last quarter.

ARK Space Exploration & Innovation ETF Company Profile

The ARK Space Exploration & Innovation ETF (ARKX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively selects global companies engaged in space exploration and innovation. The fund seeks long-term capital growth. ARKX was launched on Mar 30, 2021 and is managed by ARK.