ARK Space Exploration & Innovation ETF (BATS:ARKX) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of ARK Space Exploration & Innovation ETF (BATS:ARKX) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.77 and traded as high as $20.29. ARK Space Exploration & Innovation ETF shares last traded at $20.17, with a volume of 124,771 shares changing hands.

ARK Space Exploration & Innovation ETF Stock Up 3.0 %

The stock has a market capitalization of $326.75 million, a P/E ratio of 28.46 and a beta of 1.21. The company has a 50-day moving average price of $17.04 and a two-hundred day moving average price of $15.77.

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 lifted its stake in shares of ARK Space Exploration & Innovation ETF (BATS:ARKX) by 77.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 32,288 shares of the company’s stock after acquiring an additional 14,133 shares during the period. Flow Traders U.S. LLC owned approximately 0.20% of ARK Space Exploration & Innovation ETF worth $523,000 as of its most recent SEC filing.

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.