ARK Space Exploration & Innovation ETF (BATS:ARKX) Stock Price Up 70.3% – What’s Next?

ARK Space Exploration & Innovation ETF (BATS:ARKX) shares rose 70.3% during trading on Thursday . The company traded as high as $20.1250 and last traded at $33.1830. Approximately 55,744 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 122,544 shares. The stock had previously closed at $19.48.

ARK Space Exploration & Innovation ETF Stock Performance

The firm has a 50-day moving average price of $30.39 and a two-hundred day moving average price of $28.72. The firm has a market cap of $459.58 million, a price-to-earnings ratio of 28.18 and a beta of 1.25.

Institutional Trading of ARK Space Exploration & Innovation ETF

Several institutional investors have recently modified their holdings of ARKX. JPMorgan Chase & Co. raised its stake in ARK Space Exploration & Innovation ETF by 17.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,590 shares of the company’s stock worth $873,000 after acquiring an additional 4,631 shares in the last quarter. Fifth Third Securities Inc. purchased a new position in shares of ARK Space Exploration & Innovation ETF during the fourth quarter worth about $256,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of ARK Space Exploration & Innovation ETF during the second quarter worth about $200,000. Advantage Trust Co acquired a new stake in shares of ARK Space Exploration & Innovation ETF during the second quarter worth about $68,000. Finally, Quent Capital LLC acquired a new stake in shares of ARK Space Exploration & Innovation ETF during the third quarter worth about $71,000.

About ARK Space Exploration & Innovation ETF

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.