ARK Space Exploration & Innovation ETF (BATS:ARKX) Stock Price Down 4.2% – Here’s What Happened

ARK Space Exploration & Innovation ETF (BATS:ARKX)’s stock price fell 4.2% on Friday . The company traded as low as $19.77 and last traded at $18.67. 55,744 shares were traded during mid-day trading, a decline of 40% from the average session volume of 92,981 shares. The stock had previously closed at $19.48.

ARK Space Exploration & Innovation ETF Price Performance

The stock has a market capitalization of $270.64 million, a price-to-earnings ratio of 27.96 and a beta of 1.24. The firm has a 50 day simple moving average of $19.85 and a 200-day simple moving average of $18.43.

Hedge Funds Weigh In On ARK Space Exploration & Innovation ETF

An institutional investor recently raised its position in ARK Space Exploration & Innovation ETF stock. Flow Traders U.S. LLC grew its position in ARK Space Exploration & Innovation ETF (BATS:ARKX) by 77.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,288 shares of the company’s stock after acquiring an additional 14,133 shares during the period. Flow Traders U.S. LLC owned 0.20% of ARK Space Exploration & Innovation ETF worth $523,000 at the end of the most recent reporting period.

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.