ARK Space Exploration & Innovation ETF (BATS:ARKX) Sees Significant Decrease in Short Interest

ARK Space Exploration & Innovation ETF (BATS:ARKX) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 153,259 shares, a decrease of 52.3% from the August 31st total of 321,051 shares. Based on an average daily trading volume, of 381,309 shares, the short-interest ratio is currently 0.4 days. Approximately 1.1% of the company’s shares are sold short.

Institutional Investors Weigh In On ARK Space Exploration & Innovation ETF

Several large investors have recently made changes to their positions in ARKX. Boreal Capital Management LLC acquired a new stake in shares of ARK Space Exploration & Innovation ETF during the first quarter worth $27,000. Allied Private Wealth LLC acquired a new position in ARK Space Exploration & Innovation ETF in the 2nd quarter worth $94,000. Finally, First PREMIER Bank acquired a new position in ARK Space Exploration & Innovation ETF in the 2nd quarter worth $140,000.

ARK Space Exploration & Innovation ETF Stock Performance

BATS ARKX traded down $0.04 during trading hours on Tuesday, reaching $32.03. 123,768 shares of the company’s stock were exchanged, compared to its average volume of 959,365. The company has a market capitalization of $443.62 million, a price-to-earnings ratio of 28.18 and a beta of 1.25. The company’s 50-day moving average is $32.40 and its two-hundred day moving average is $32.75. ARK Space Exploration & Innovation ETF has a one year low of $25.17 and a one year high of $37.89.

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.