ARK Space Exploration & Innovation ETF (BATS:ARKX) Short Interest Down 54.7% in August

ARK Space Exploration & Innovation ETF (BATS:ARKX) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 321,051 shares, a decline of 54.7% from the August 15th total of 708,093 shares. Based on an average daily trading volume, of 469,295 shares, the short-interest ratio is currently 0.7 days. Approximately 2.3% of the company’s stock are short sold.

ARK Space Exploration & Innovation ETF Price Performance

Shares of ARKX stock opened at $31.84 on Monday. The company’s fifty day moving average price is $32.29 and its two-hundred day moving average price is $32.72. The firm has a market capitalization of $440.98 million, a P/E ratio of 28.18 and a beta of 1.25. ARK Space Exploration & Innovation ETF has a 12 month low of $25.17 and a 12 month high of $37.89.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. grew its stake in ARK Space Exploration & Innovation ETF by 84.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 875 shares of the company’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Boreal Capital Management LLC acquired a new position in shares of ARK Space Exploration & Innovation ETF in the 1st quarter valued at approximately $27,000. Allied Private Wealth LLC acquired a new position in shares of ARK Space Exploration & Innovation ETF in the 2nd quarter valued at approximately $94,000. First PREMIER Bank purchased a new position in shares of ARK Space Exploration & Innovation ETF during the 2nd quarter valued at approximately $140,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of ARK Space Exploration & Innovation ETF by 4.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,942 shares of the company’s stock valued at $288,000 after buying an additional 465 shares during the last 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.