ARK Space Exploration & Innovation ETF (BATS:ARKX) Trading 68.6% Higher – Still a Buy?

ARK Space Exploration & Innovation ETF (BATS:ARKX)’s share price traded up 68.6% during mid-day trading on Thursday . The company traded as high as $20.1250 and last traded at $32.8350. 55,744 shares changed hands during 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 Stock Up 68.6%

The company’s 50 day moving average price is $28.76 and its 200 day moving average price is $27.65. The firm has a market capitalization of $454.76 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 and hedge funds have recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC acquired a new position in shares of ARK Space Exploration & Innovation ETF in the second quarter valued at about $200,000. JPMorgan Chase & Co. lifted its holdings in shares of ARK Space Exploration & Innovation ETF by 17.8% during the third quarter. JPMorgan Chase & Co. now owns 30,590 shares of the company’s stock worth $873,000 after purchasing an additional 4,631 shares during the period. Advantage Trust Co purchased a new stake in ARK Space Exploration & Innovation ETF in the second quarter valued at approximately $68,000. Quent Capital LLC acquired a new position in ARK Space Exploration & Innovation ETF in the 3rd quarter worth approximately $71,000. Finally, Sunbelt Securities Inc. increased its holdings in ARK Space Exploration & Innovation ETF by 84.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 875 shares of the company’s stock worth $25,000 after buying an additional 400 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.