ARK Fintech Innovation ETF (BATS:ARKF) Shares Shorted: Short Interest Down 56.4% in October

ARK Fintech Innovation ETF (BATS:ARKF) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 761,138 shares, a decline of 56.4% from the September 30th total of 1,744,737 shares. Based on an average daily volume of 108,402 shares, the days-to-cover ratio is currently 7.0 days. Currently, 3.2% of the shares of the stock are short sold.

ARK Fintech Innovation ETF Trading Down 4.8%

BATS:ARKF opened at $42.22 on Friday. ARK Fintech Innovation ETF has a 12-month low of $35.82 and a 12-month high of $57.24. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 36.31 and a beta of 1.89. The company’s 50-day moving average is $45.91 and its two-hundred day moving average is $42.33.

Hedge Funds Weigh In On ARK Fintech Innovation ETF

Institutional investors have recently modified their holdings of the company. Clearwater Capital Advisors LLC increased its stake in ARK Fintech Innovation ETF by 8.5% in the first quarter. Clearwater Capital Advisors LLC now owns 245,638 shares of the company’s stock valued at $9,337,000 after purchasing an additional 19,143 shares during the last quarter. Paller Financial Services Inc lifted its position in ARK Fintech Innovation ETF by 2.1% during the third quarter. Paller Financial Services Inc now owns 72,989 shares of the company’s stock worth $3,323,000 after buying an additional 1,503 shares during the period. Envestnet Asset Management Inc. boosted its stake in ARK Fintech Innovation ETF by 84.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 64,741 shares of the company’s stock worth $2,555,000 after buying an additional 29,722 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in ARK Fintech Innovation ETF by 2.1% in the 1st quarter. Wealthfront Advisers LLC now owns 57,154 shares of the company’s stock worth $2,172,000 after buying an additional 1,161 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in ARK Fintech Innovation ETF by 26.5% in the 1st quarter. Royal Bank of Canada now owns 41,356 shares of the company’s stock worth $1,573,000 after buying an additional 8,660 shares during the last quarter.

ARK Fintech Innovation ETF Company Profile

The ARK Fintech Innovation ETF (ARKF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of stocks related to financial technology innovation. ARKF was launched on Feb 4, 2019 and is issued by ARK.