ARK Next Generation Internet ETF (BATS:ARKW) Trading Up 2.6% – Should You Buy?

ARK Next Generation Internet ETF (BATS:ARKW) shares shot up 2.6% during trading on Tuesday . The stock traded as high as $122.26 and last traded at $122.17. 151,570 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 177,404 shares. The stock had previously closed at $119.12.

ARK Next Generation Internet ETF Stock Performance

The business has a 50 day moving average of $141.32 and a two-hundred day moving average of $155.47. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 45.71 and a beta of 1.89.

ARK Next Generation Internet ETF Company Profile

The ARK Next Generation Internet ETF (ARKW) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies its managers have identified as benefiting from an infrastructure shift away from hardware and software toward cloud and mobile. ARKW was launched on Sep 30, 2014 and is issued by ARK.