ARKK Stock Summary and Trading Ideas (Ark Innovation ETF | ARCA:ARKK)

ARK will select investments for ARKK that represent its highest-conviction investment ideas within the theme of disruptive innovation, as described above, in constructing the Fund s portfolio. The Fund is an actively managed exchange-traded fund ( ETF ) that will invest under normal circumstances primarily (at least 65% of its assets) in domestic equity securities and U.S. exchange traded foreign equity securities of companies that are relevant to the Fund s investment theme of disruptive innovation.

Ark Innovation ETF trades on the ARCA stock market under the symbol ARKK.

As of November 14, 2024, ARKK stock price declined to $53.85 with 12,335,812 million shares trading.

ARKK has a beta of 2.20, meaning it tends to be more sensitive to market movements. ARKK has a correlation of 0.55 to the broad based SPY ETF.

ARKK has a market cap of $6.45 billion. This is considered a Mid Cap stock.

In the last 3 years, ARKK traded as high as $119.05 and as low as $29.43.

ARKK has underperformed the market in the last year with a return of +34.9%, while SPY returned +36.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ARKK shares. However, ARKK has outperformed the market in the last 3 month and 2 week periods, returning +26.4% and +11.7%, while SPY returned +9.8% and +2.3%, respectively. This indicates ARKK has been having a stronger performance recently.

ARKK support price is $54.50 and resistance is $57.18 (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 ARKK shares will trade within this expected range on the day.