ARK Space Exploration & Innovation ETF (BATS:ARKX) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

ARK Space Exploration & Innovation ETF (BATS:ARKX) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.63 and traded as high as $18.59. ARK Space Exploration & Innovation ETF shares last traded at $18.51, with a volume of 226,930 shares.

ARK Space Exploration & Innovation ETF Stock Performance

The company has a market cap of $305.05 million, a PE ratio of 28.46 and a beta of 1.21. The stock’s 50 day moving average price is $16.70 and its 200-day moving average price is $15.65.

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 increased its position in ARK Space Exploration & Innovation ETF (BATS:ARKX) by 77.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,288 shares of the company’s stock after buying an additional 14,133 shares during the quarter. Flow Traders U.S. LLC owned 0.20% of ARK Space Exploration & Innovation ETF worth $523,000 as of its most recent filing with the Securities & Exchange Commission.

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.