ARK Space Exploration & Innovation ETF (BATS:ARKX) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

ARK Space Exploration & Innovation ETF (BATS:ARKX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

ARK Space Exploration & Innovation ETF Trading Up 2.9 %

The firm has a market cap of $299.86 million, a P/E ratio of 28.46 and a beta of 1.21. The company’s fifty day moving average price is $16.63 and its two-hundred day moving average price is $15.63.

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