ARK Space Exploration & Innovation ETF (BATS:ARKX) Stock Price Up 68.6% – Still a Buy?

Shares of ARK Space Exploration & Innovation ETF (BATS:ARKX) traded up 68.6% during mid-day trading on Thursday . The stock 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 71.9%

The company has a market cap of $463.77 million, a price-to-earnings ratio of 28.18 and a beta of 1.25. The company has a fifty day simple moving average of $28.80 and a two-hundred day simple moving average of $27.72.

Hedge Funds Weigh In On ARK Space Exploration & Innovation ETF

Hedge funds have recently added to or reduced their stakes in the business. Jaffetilchin Investment Partners LLC purchased a new stake in shares of ARK Space Exploration & Innovation ETF in the second quarter valued at about $200,000. JPMorgan Chase & Co. increased its stake in shares of ARK Space Exploration & Innovation ETF by 17.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,590 shares of the company’s stock worth $873,000 after purchasing an additional 4,631 shares in the last quarter. Advantage Trust Co acquired a new position in shares of ARK Space Exploration & Innovation ETF during the 2nd quarter worth approximately $68,000. Quent Capital LLC purchased a new stake in ARK Space Exploration & Innovation ETF in the 3rd quarter valued at approximately $71,000. Finally, Sunbelt Securities Inc. lifted its stake 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 valued at $25,000 after buying an additional 400 shares in the last quarter.

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.