ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Sees Large Decrease in Short Interest

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 145,107 shares, a decrease of 52.7% from the May 31st total of 307,013 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 241,852 shares, the days-to-cover ratio is currently 0.6 days.

ARK Autonomous Technology & Robotics ETF Stock Up 3.0%

BATS:ARKQ opened at $132.22 on Wednesday. The stock has a market cap of $1.62 billion, a P/E ratio of 32.86 and a beta of 1.40. The firm’s fifty day simple moving average is $132.33 and its 200 day simple moving average is $125.32. ARK Autonomous Technology & Robotics ETF has a twelve month low of $86.00 and a twelve month high of $144.42.

Institutional Investors Weigh In On ARK Autonomous Technology & Robotics ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in ARK Autonomous Technology & Robotics ETF by 67,855.4% in the fourth quarter. BNP Paribas Financial Markets now owns 100,574 shares of the company’s stock worth $11,532,000 after buying an additional 100,426 shares in the last quarter. Russell Investments Group Ltd. boosted its position in ARK Autonomous Technology & Robotics ETF by 24.7% during the 4th quarter. Russell Investments Group Ltd. now owns 671 shares of the company’s stock valued at $77,000 after acquiring an additional 133 shares in the last quarter. Strategic Advocates LLC boosted its position in ARK Autonomous Technology & Robotics ETF by 2.0% during the 4th quarter. Strategic Advocates LLC now owns 19,947 shares of the company’s stock valued at $2,304,000 after acquiring an additional 386 shares in the last quarter. Crescent Grove Advisors LLC grew its holdings in shares of ARK Autonomous Technology & Robotics ETF by 1.3% during the 4th quarter. Crescent Grove Advisors LLC now owns 13,263 shares of the company’s stock worth $1,521,000 after acquiring an additional 175 shares during the period. Finally, Triumph Capital Management purchased a new position in shares of ARK Autonomous Technology & Robotics ETF during the 3rd quarter worth approximately $127,000.

About ARK Autonomous Technology & Robotics ETF

The ARK Autonomous Technology & Robotics ETF (ARKQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies that its managers identify as benefiting from automation and other technological advancements. ARKQ was launched on Sep 30, 2014 and is managed by ARK.