ARK Space Exploration & Innovation ETF (BATS:ARKX) Stock Price Down 1.7% – What’s Next?

Shares of ARK Space Exploration & Innovation ETF (BATS:ARKX) dropped 1.7% during trading on Friday . The stock traded as low as $32.35 and last traded at $32.55. Approximately 872,035 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 1,367,170 shares. The stock had previously closed at $33.12.

ARK Space Exploration & Innovation ETF Stock Down 1.7%

The company’s 50-day moving average is $31.68 and its two-hundred day moving average is $29.32. The company has a market cap of $450.82 million, a P/E ratio of 28.18 and a beta of 1.25.

Institutional Investors Weigh In On ARK Space Exploration & Innovation ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its position in ARK Space Exploration & Innovation ETF by 4.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,942 shares of the company’s stock valued at $288,000 after acquiring an additional 465 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of ARK Space Exploration & Innovation ETF in the fourth quarter worth about $35,000. Fifth Third Securities Inc. purchased a new position in shares of ARK Space Exploration & Innovation ETF during the fourth quarter valued at approximately $256,000. FNY Investment Advisers LLC bought a new position in ARK Space Exploration & Innovation ETF in the 4th quarter worth $36,000. Finally, CoreCap Advisors LLC raised its stake in ARK Space Exploration & Innovation ETF by 986.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,597 shares of the company’s stock worth $46,000 after buying an additional 1,450 shares in the last quarter.

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.