ARK Space Exploration & Innovation ETF (BATS:ARKX) Trading Up 70.3% – Here’s What Happened

Shares of ARK Space Exploration & Innovation ETF (BATS:ARKX) were up 70.3% on Thursday . The stock traded as high as $20.1250 and last traded at $33.1830. Approximately 55,744 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 122,544 shares. The stock had previously closed at $19.48.

ARK Space Exploration & Innovation ETF Price Performance

The firm has a market cap of $443.34 million, a PE ratio of 28.18 and a beta of 1.25. The firm has a 50-day simple moving average of $30.51 and a 200 day simple moving average of $28.77.

Hedge Funds Weigh In On ARK Space Exploration & Innovation ETF

Several large investors have recently made changes to their positions in ARKX. Advantage Trust Co purchased a new position in ARK Space Exploration & Innovation ETF during the second quarter valued at $68,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of ARK Space Exploration & Innovation ETF in the 2nd quarter worth about $200,000. Farther Finance Advisors LLC bought a new position in ARK Space Exploration & Innovation ETF in the 4th quarter worth about $35,000. Fifth Third Securities Inc. purchased a new stake in ARK Space Exploration & Innovation ETF during the 4th quarter valued at about $256,000. Finally, Sunbelt Securities Inc. increased its stake in ARK Space Exploration & Innovation ETF by 84.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 875 shares of the company’s stock valued at $25,000 after purchasing an additional 400 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.