23-Apr-2024
No press releases found.
Cathie Wood's ARK Invest: Bitcoin can be a ‘risk-off asset’
Seeking Alpha News (Tue, 23-Apr 3:20 PM ET)
7 Stocks in Fin-tech and Payments Baird analysts like the most
Seeking Alpha News (Tue, 23-Apr 1:48 PM ET)
Benzinga (Tue, 23-Apr 1:20 PM ET)
Benzinga (Fri, 19-Apr 2:20 AM 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 April 23, 2024, ARKF stock price climbed to $28.19 with 718,437 million shares trading.
ARKF has a beta of 2.20, meaning it tends to be more sensitive to market movements. ARKF has a correlation of 0.62 to the broad based SPY ETF.
ARKF has a market cap of $1.04 billion. This is considered a Small Cap stock.
In the last 3 years, ARKF stock traded as high as $55.28 and as low as $13.50.
ARKF has outperformed the market in the last year with a return of +54.5%, while the SPY ETF gained +24.3%. In the last 3 month period, ARKF beat the market returning +9.7%, while SPY returned +4.6%. However, in the most recent 2 weeks ARKF has underperformed the stock market by returning -4.4%, while SPY returned -2.6%.
ARKF support price is $26.59 and resistance is $27.73 (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.