ARK Space Exploration & Innovation ETF (BATS:ARKX) Short Interest Up 110.8% in May

ARK Space Exploration & Innovation ETF (BATS:ARKX) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 419,650 shares, a growth of 110.8% from the April 30th total of 199,087 shares. Based on an average daily volume of 947,544 shares, the days-to-cover ratio is presently 0.4 days. Approximately 3.0% of the shares of the company are short sold.

ARK Space Exploration & Innovation ETF Stock Performance

Shares of ARKX stock opened at $37.38 on Monday. ARK Space Exploration & Innovation ETF has a 1 year low of $20.46 and a 1 year high of $37.89. The stock has a fifty day moving average of $32.79 and a two-hundred day moving average of $31.40. The firm has a market capitalization of $517.71 million, a PE ratio of 28.18 and a beta of 1.25.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Boreal Capital Management LLC acquired a new position in ARK Space Exploration & Innovation ETF during the 1st quarter worth $27,000. Janney Montgomery Scott LLC boosted its position in ARK Space Exploration & Innovation ETF by 4.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,942 shares of the company’s stock worth $288,000 after acquiring an additional 465 shares during the period. Farther Finance Advisors LLC acquired a new position in ARK Space Exploration & Innovation ETF during the 4th quarter worth $35,000. Fifth Third Securities Inc. acquired a new position in ARK Space Exploration & Innovation ETF during the 4th quarter worth $256,000. Finally, FNY Investment Advisers LLC acquired a new position in ARK Space Exploration & Innovation ETF during the 4th quarter worth $36,000.

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.