ARK Fintech Innovation ETF (BATS:ARKF) Sees Large Growth in Short Interest

by · The Markets Daily

ARK Fintech Innovation ETF (BATS:ARKF – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,744,737 shares, an increase of 112.0% from the September 15th total of 823,101 shares. Currently, 7.3% of the company’s stock are short sold. Based on an average trading volume of 92,041 shares, the days-to-cover ratio is currently 19.0 days.

ARK Fintech Innovation ETF Trading Down 0.2%

BATS:ARKF opened at $47.46 on Wednesday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 36.31 and a beta of 1.89. The firm has a fifty day simple moving average of $45.47 and a two-hundred day simple moving average of $42.29. ARK Fintech Innovation ETF has a 12 month low of $35.82 and a 12 month high of $58.79.

Hedge Funds Weigh In On ARK Fintech Innovation ETF

Several institutional investors have recently made changes to their positions in the stock. Avior Wealth Management LLC acquired a new stake in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at about $434,000. Paller Financial Services Inc increased its position in ARK Fintech Innovation ETF by 2.1% in the 3rd quarter. Paller Financial Services Inc now owns 72,989 shares of the company’s stock valued at $3,323,000 after buying an additional 1,503 shares in the last quarter. GK Wealth Management LLC bought a new stake in ARK Fintech Innovation ETF in the 3rd quarter valued at about $39,000. GoalVest Advisory LLC raised its stake in ARK Fintech Innovation ETF by 14.8% during the 3rd quarter. GoalVest Advisory LLC now owns 20,948 shares of the company’s stock worth $954,000 after buying an additional 2,702 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in ARK Fintech Innovation ETF by 84.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 64,741 shares of the company’s stock worth $2,555,000 after buying an additional 29,722 shares during the period.

ARK Fintech Innovation ETF Company Profile

(Get Free Report)

The ARK Fintech Innovation ETF (ARKF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of stocks related to financial technology innovation. ARKF was launched on Feb 4, 2019 and is issued by ARK.

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