ARK Space Exploration & Innovation ETF (BATS:ARKX) Short Interest Down 82.3% in April

ARK Space Exploration & Innovation ETF (BATS:ARKX) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 199,087 shares, a drop of 82.3% from the April 15th total of 1,124,094 shares. Based on an average daily volume of 705,149 shares, the short-interest ratio is currently 0.3 days. Currently, 1.4% of the shares of the company are short sold.

ARK Space Exploration & Innovation ETF Stock Performance

Shares of BATS:ARKX opened at $34.90 on Tuesday. ARK Space Exploration & Innovation ETF has a 52-week low of $19.55 and a 52-week high of $35.53. The company has a market capitalization of $483.37 million, a P/E ratio of 28.18 and a beta of 1.25. The company has a 50-day simple moving average of $31.76 and a 200 day simple moving average of $30.90.

Institutional Investors Weigh In On ARK Space Exploration & Innovation ETF

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in ARK Space Exploration & Innovation ETF by 17.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,590 shares of the company’s stock valued at $873,000 after purchasing an additional 4,631 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in ARK Space Exploration & Innovation ETF during the fourth quarter worth approximately $35,000. Janney Montgomery Scott LLC lifted its position in ARK Space Exploration & Innovation ETF by 4.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,942 shares of the company’s stock worth $288,000 after acquiring an additional 465 shares during the last quarter. Sunbelt Securities Inc. lifted its position in ARK Space Exploration & Innovation ETF by 84.2% during the third quarter. Sunbelt Securities Inc. now owns 875 shares of the company’s stock worth $25,000 after acquiring an additional 400 shares during the last quarter. Finally, Fifth Third Securities Inc. acquired a new stake in ARK Space Exploration & Innovation ETF during the fourth quarter worth approximately $256,000.

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.