ARK Space Exploration & Innovation ETF (BATS:ARKX) Trading Down 2.6% – Here’s Why

ARK Space Exploration & Innovation ETF (BATS:ARKX)’s share price fell 2.6% during trading on Thursday . The company traded as low as $19.77 and last traded at $18.98. 55,744 shares were traded during trading, The stock had previously closed at $19.48.

ARK Space Exploration & Innovation ETF Price Performance

The business has a fifty day simple moving average of $20.30 and a 200 day simple moving average of $18.04. The firm has a market cap of $284.51 million, a price-to-earnings ratio of 26.45 and a beta of 1.23.

Institutional Investors Weigh In On ARK Space Exploration & Innovation ETF

An institutional investor recently raised its position in ARK Space Exploration & Innovation ETF stock. Flow Traders U.S. LLC lifted its stake in ARK Space Exploration & Innovation ETF (BATS:ARKX) by 77.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,288 shares of the company’s stock after purchasing an additional 14,133 shares during the quarter. Flow Traders U.S. LLC owned about 0.20% of ARK Space Exploration & Innovation ETF worth $523,000 at the end of the most recent reporting period.

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.