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

Shares of ARK Space Exploration & Innovation ETF (BATS:ARKX) were down 2.6% during mid-day trading on Thursday . The stock traded as low as $19.77 and last traded at $18.98. Approximately 55,744 shares changed hands during mid-day trading, The stock had previously closed at $19.48.

ARK Space Exploration & Innovation ETF Stock Performance

The stock has a market cap of $284.51 million, a price-to-earnings ratio of 26.45 and a beta of 1.23. The company has a 50-day moving average of $20.30 and a 200-day moving average of $18.04.

Hedge Funds 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 raised its holdings in ARK Space Exploration & Innovation ETF (BATS:ARKX) by 77.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 0.20% of ARK Space Exploration & Innovation ETF worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

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.