ARKX Stock Summary and Trading Ideas (Ark Space Exploration & Innovation ETF | BATS:ARKX)

The ARK Space Exploration & Innovation ETF s ( Fund ) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund ( ETF ) that will invest 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 Space Exploration and innovation. The Adviser defines Space Exploration as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth.

Ark Space Exploration & Innovation ETF trades on the BATS stock market under the symbol ARKX.

As of April 30, 2024, ARKX stock price declined to $14.67 with 37,455 million shares trading.

ARKX has a beta of 1.26, meaning it tends to be more sensitive to market movements. ARKX has a correlation of 0.58 to the broad based SPY ETF.

ARKX has a market cap of $235.45 million. This is considered a Small Cap stock.

In the last 3 years, ARKX stock traded as high as $21.33 and as low as $11.77.

ARKX has underperformed the market in the last year with a return of +9.3%, while the SPY ETF gained +22.3%. In the last 3 month period, ARKX fell short of the market, returning +0.9%, while SPY returned +2.6%. However, in the most recent 2 weeks ARKX has outperformed the stock market by returning +3.7%, while SPY returned -0.3%.

ARKX support price is $14.68 and resistance is $15.12 (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 ARKX stock will trade within this expected range on the day.