ARKW Stock Summary and Trading Ideas (Ark Next Generation Internet ETF | ARCA:ARKW)

The Fund is an actively-managed exchange-traded fund that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund's investment theme of next generation internet. Next generation internet companies are companies that the Adviser believes are focused on and expected to benefit from shifting the bases of technology infrastructure from hardware and software to the cloud, enabling mobile and local services, such as companies that rely on or benefit from the increased use of shared technology, infrastructure and services. These companies may include mail order houses which generate the entirety of their business through websites and which offer internet-based products and services, such as streaming media or cloud storage in addition to traditional physical goods. These companies may also include ones that develop, use or rely on innovative payment methodologies, big data, the "internet of things*," social distribution and media, and technologies that make financial services more efficient ("Fintech Innovation Companies").

Ark Next Generation Internet ETF trades on the ARCA stock market under the symbol ARKW.

As of October 17, 2024, ARKW stock price declined to $87.04 with 60,365 million shares trading.

ARKW has a beta of 1.88, meaning it tends to be more sensitive to market movements. ARKW has a correlation of 0.58 to the broad based SPY ETF.

ARKW has a market cap of $1.41 billion. This is considered a Small Cap stock.

In the last 3 years, ARKW traded as high as $162.04 and as low as $36.02.

ARKW has outperformed the market in the last year with a price return of +61.0% while the SPY ETF gained +35.2%. However, in the short term, ARKW had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.9% vs +3.4% return in SPY. But in the last 2 weeks, ARKW shares have fared better than the market returning +5.3% compared to SPY +2.4%.

ARKW support price is $86.12 and resistance is $88.96 (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 ARKW shares will trade within this expected range on the day.