ARK Space Exploration & Innovation ETF (BATS:ARKX) Shares Down 1.7% – Here’s What Happened

ARK Space Exploration & Innovation ETF (BATS:ARKX)’s share price fell 1.7% on Friday . The company traded as low as $32.35 and last traded at $32.55. 872,035 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 1,367,170 shares. The stock had previously closed at $33.12.

ARK Space Exploration & Innovation ETF Stock Performance

The company has a 50-day moving average price of $31.68 and a 200-day moving average price of $29.34. The firm has a market capitalization of $450.82 million, a price-to-earnings ratio of 28.18 and a beta of 1.25.

Institutional Trading of ARK Space Exploration & Innovation ETF

Institutional investors have recently modified their holdings of the stock. Jaffetilchin Investment Partners LLC acquired a new stake in ARK Space Exploration & Innovation ETF during the 2nd quarter worth $200,000. Janney Montgomery Scott LLC grew its holdings in shares of ARK Space Exploration & Innovation ETF by 4.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,942 shares of the company’s stock worth $288,000 after purchasing an additional 465 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of ARK Space Exploration & Innovation ETF during the fourth quarter worth about $35,000. Sunbelt Securities Inc. lifted its holdings in shares of ARK Space Exploration & Innovation ETF by 84.2% in 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of ARK Space Exploration & Innovation ETF by 17.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,590 shares of the company’s stock valued at $873,000 after purchasing an additional 4,631 shares during the 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.