ARK Space Exploration & Innovation ETF (BATS:ARKX) Sees Significant Drop in Short Interest

ARK Space Exploration & Innovation ETF (BATS:ARKX) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 321,051 shares, a decrease of 54.7% from the August 15th total of 708,093 shares. Based on an average trading volume of 469,295 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On ARK Space Exploration & Innovation ETF

A number of hedge funds have recently modified their holdings of the business. First PREMIER Bank acquired a new stake in shares of ARK Space Exploration & Innovation ETF during the 2nd quarter worth approximately $140,000. Allied Private Wealth LLC purchased a new stake in shares of ARK Space Exploration & Innovation ETF during the 2nd quarter valued at approximately $94,000. Finally, Boreal Capital Management LLC acquired a new position in ARK Space Exploration & Innovation ETF in the first quarter valued at approximately $27,000.

ARK Space Exploration & Innovation ETF Price Performance

Shares of BATS:ARKX opened at $31.65 on Tuesday. The business’s 50 day moving average price is $32.24 and its 200-day moving average price is $32.71. ARK Space Exploration & Innovation ETF has a 1 year low of $25.17 and a 1 year high of $37.89. The firm has a market capitalization of $438.35 million, a price-to-earnings ratio of 28.18 and a beta of 1.25.

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.