ARK Space Exploration & Innovation ETF (BATS:ARKX) Shares Down 4.2% – Time to Sell?

ARK Space Exploration & Innovation ETF (BATS:ARKX)’s share price fell 4.2% during trading on Friday . The company traded as low as $19.77 and last traded at $18.67. 55,744 shares traded hands 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 Trading Down 4.2 %

The stock has a 50 day simple moving average of $19.85 and a 200 day simple moving average of $18.45. The firm has a market capitalization of $270.64 million, a PE ratio of 27.96 and a beta of 1.24.

Hedge Funds Weigh In On ARK Space Exploration & Innovation ETF

An institutional investor recently raised its position in ARK Space Exploration & Innovation ETF stock. JPMorgan Chase & Co. raised its holdings in ARK Space Exploration & Innovation ETF (BATS:ARKX) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,470 shares of the company’s stock after buying an additional 2,930 shares during the quarter. JPMorgan Chase & Co. owned about 0.19% of ARK Space Exploration & Innovation ETF worth $595,000 at the end of the most recent quarter.

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.