Short Interest in ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Drops By 52.7%

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) was the recipient of a significant decrease in short interest during the month of 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 sold short. Based on an average daily volume of 241,852 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in shares of 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 acquiring an additional 100,426 shares during the last quarter. Captrust Financial Advisors purchased a new position in ARK Autonomous Technology & Robotics ETF during the second quarter worth approximately $376,000. JPMorgan Chase & Co. raised its stake in ARK Autonomous Technology & Robotics ETF by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 37,277 shares of the company’s stock worth $4,159,000 after purchasing an additional 4,060 shares during the period. Farther Finance Advisors LLC raised its stake in ARK Autonomous Technology & Robotics ETF by 77.1% during the fourth quarter. Farther Finance Advisors LLC now owns 5,937 shares of the company’s stock worth $681,000 after purchasing an additional 2,585 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of ARK Autonomous Technology & Robotics ETF by 44.6% in the 2nd quarter. NewEdge Advisors LLC now owns 6,992 shares of the company’s stock valued at $623,000 after purchasing an additional 2,156 shares during the last quarter.

ARK Autonomous Technology & Robotics ETF Trading Up 3.9%

BATS ARKQ opened at $128.39 on Tuesday. The business’s 50-day moving average price is $132.29 and its 200 day moving average price is $125.21. ARK Autonomous Technology & Robotics ETF has a twelve month low of $86.00 and a twelve month high of $144.42. The company has a market capitalization of $1.57 billion, a PE ratio of 32.86 and a beta of 1.40.

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.