28-Mar-2024
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This Analyst Raised Robinhood's Forecast By 46% - Here's Why
Benzinga (Thu, 28-Mar 1:56 PM ET)
ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund s investment theme of financial technology ( Fintech ) innovation.
Ark Fintech Innovation ETF trades on the ARCA stock market under the symbol ARKF.
As of March 28, 2024, ARKF stock price climbed to $30.33 with 210,644 million shares trading.
ARKF has a beta of 2.18, meaning it tends to be more sensitive to market movements. ARKF has a correlation of 0.57 to the broad based SPY ETF.
ARKF has a market cap of $1.16 billion. This is considered a Small Cap stock.
In the last 3 years, ARKF stock traded as high as $55.95 and as low as $13.50.
ARKF has outperformed the market in the last year with a return of +72.7%, while the SPY ETF gained +33.6%. However, in the most recent history, ARKF shares have underperformed the stock market with its stock returning +7.0% in the last 3 month period and +0.8% for the last 2 week period, while SPY has returned +10.1% and +1.7%, respectively.
ARKF support price is $29.65 and resistance is $30.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARKF stock will trade within this expected range on the day.