ARK Fintech Innovation ETF (BATS:ARKF) Shares Shorted: Short Interest Up 112.0% in September

ARK Fintech Innovation ETF (BATS:ARKF) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,744,737 shares, an increase of 112.0% from the September 15th total of 823,101 shares. Currently, 7.3% of the company’s shares are short sold. Based on an average daily volume of 92,041 shares, the short-interest ratio is presently 19.0 days.

ARK Fintech Innovation ETF Trading Down 3.3%

Shares of ARKF opened at $45.91 on Thursday. The stock’s 50-day moving average price is $45.54 and its two-hundred day moving average price is $42.35. ARK Fintech Innovation ETF has a 12 month low of $35.82 and a 12 month high of $58.79. The company has a market capitalization of $1.10 billion, a PE ratio of 36.31 and a beta of 1.89.

Hedge Funds Weigh In On ARK Fintech Innovation ETF

Hedge funds have recently made changes to their positions in the stock. Clearwater Capital Advisors LLC lifted its stake in shares of ARK Fintech Innovation ETF by 8.5% in the first quarter. Clearwater Capital Advisors LLC now owns 245,638 shares of the company’s stock worth $9,337,000 after acquiring an additional 19,143 shares during the period. Midwest Financial Partners Investments Inc. boosted its holdings in ARK Fintech Innovation ETF by 0.7% in the first quarter. Midwest Financial Partners Investments Inc. now owns 186,264 shares of the company’s stock valued at $7,080,000 after acquiring an additional 1,333 shares during the last quarter. Paller Financial Services Inc increased its position in ARK Fintech Innovation ETF by 2.1% during the 3rd quarter. Paller Financial Services Inc now owns 72,989 shares of the company’s stock valued at $3,323,000 after purchasing an additional 1,503 shares during the period. Envestnet Asset Management Inc. increased its position in ARK Fintech Innovation ETF by 84.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 64,741 shares of the company’s stock valued at $2,555,000 after purchasing an additional 29,722 shares during the period. Finally, Wealthfront Advisers LLC increased its position in ARK Fintech Innovation ETF by 2.1% during the 1st quarter. Wealthfront Advisers LLC now owns 57,154 shares of the company’s stock valued at $2,172,000 after purchasing an additional 1,161 shares during the period.

ARK Fintech Innovation ETF Company Profile

The ARK Fintech Innovation ETF (ARKF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of stocks related to financial technology innovation. ARKF was launched on Feb 4, 2019 and is issued by ARK.