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 April 19, 2024, ARKK stock price declined to $42.00 with 13,288,492 million shares trading.

ARKK has a beta of 2.46, meaning it tends to be more sensitive to market movements. ARKK has a correlation of 0.61 to the broad based SPY ETF.

ARKK has a market cap of $6.30 billion. This is considered a Mid Cap stock.

In the last 3 years, ARKK stock traded as high as $132.50 and as low as $29.43.

ARKK has underperformed the market in the last year with a price return of +9.0% while the SPY ETF gained +21.2%. ARKK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.2% and -10.9%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

ARKK support price is $41.97 and resistance is $43.85 (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 stock will trade within this expected range on the day.