ARK Space Exploration & Innovation ETF (BATS:ARKX) Trading Up 70.3% – Should You Buy?

ARK Space Exploration & Innovation ETF (BATS:ARKX)’s share price traded up 70.3% during trading on Thursday . The stock traded as high as $20.1250 and last traded at $33.1830. 55,744 shares were traded during mid-day trading, a decline of 55% from the average session 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 capitalization of $459.58 million, a price-to-earnings ratio of 28.18 and a beta of 1.25. The company’s 50-day moving average is $30.39 and its 200-day moving average is $28.72.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ARKX. Advantage Trust Co acquired a new stake in ARK Space Exploration & Innovation ETF during the second quarter worth about $68,000. Jaffetilchin Investment Partners LLC purchased a new stake in ARK Space Exploration & Innovation ETF during the second quarter worth approximately $200,000. Farther Finance Advisors LLC purchased a new stake in ARK Space Exploration & Innovation ETF during the fourth quarter worth approximately $35,000. Fifth Third Securities Inc. acquired a new stake in shares of ARK Space Exploration & Innovation ETF in the fourth quarter worth $256,000. Finally, Sunbelt Securities Inc. raised its stake 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 acquiring an additional 400 shares during the period.

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.