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 decrease in short interest during the month of August. As of August 31st, there was short interest totaling 321,051 shares, a decrease of 54.7% from the August 15th total of 708,093 shares. Based on an average trading volume of 469,295 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.3% of the company’s stock are sold short.

ARK Space Exploration & Innovation ETF Stock Performance

ARKX opened at $31.84 on Monday. The company has a 50-day moving average of $32.29 and a 200-day moving average of $32.72. The company 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 1-year low of $25.17 and a 1-year high of $37.89.

Institutional Trading of ARK Space Exploration & Innovation ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. increased its holdings in ARK Space Exploration & Innovation ETF by 84.2% in the third quarter. Sunbelt Securities Inc. now owns 875 shares of the company’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. Boreal Capital Management LLC bought a new position in ARK Space Exploration & Innovation ETF during the 1st quarter worth approximately $27,000. Allied Private Wealth LLC acquired a new position in shares of ARK Space Exploration & Innovation ETF in the 2nd quarter worth approximately $94,000. First PREMIER Bank acquired a new position in shares of ARK Space Exploration & Innovation ETF in the 2nd quarter worth approximately $140,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of ARK Space Exploration & Innovation ETF by 4.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,942 shares of the company’s stock valued at $288,000 after acquiring an additional 465 shares during 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.