ARK Fintech Innovation ETF (BATS:ARKF) Stock Short Interest Report for October

ARK Fintech Innovation ETF (BATS:ARKF) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 761,138 shares, a decline of 56.4% from the September 30th total of 1,744,737 shares. Based on an average daily trading volume, of 108,402 shares, the days-to-cover ratio is presently 7.0 days. Currently, 3.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARKF. GoalVest Advisory LLC purchased a new position in shares of ARK Fintech Innovation ETF during the 2nd quarter valued at approximately $720,000. Sanctuary Advisors LLC increased its stake in shares of ARK Fintech Innovation ETF by 206.6% in the first quarter. Sanctuary Advisors LLC now owns 27,588 shares of the company’s stock worth $1,049,000 after buying an additional 18,590 shares during the last quarter. Turner Financial Group Inc. bought a new stake in shares of ARK Fintech Innovation ETF in the second quarter worth $425,000. Blue Jean Financial LLC bought a new stake in shares of ARK Fintech Innovation ETF in the third quarter worth $714,000. Finally, Clearwater Capital Advisors LLC raised its holdings in ARK Fintech Innovation ETF by 8.5% in the first quarter. Clearwater Capital Advisors LLC now owns 245,638 shares of the company’s stock valued at $9,337,000 after acquiring an additional 19,143 shares in the last quarter.

ARK Fintech Innovation ETF Price Performance

BATS:ARKF opened at $42.22 on Friday. The firm has a 50-day moving average of $45.91 and a two-hundred day moving average of $42.33. The stock has a market cap of $1.01 billion, a P/E ratio of 36.31 and a beta of 1.89. ARK Fintech Innovation ETF has a 1-year low of $35.82 and a 1-year high of $57.24.

ARK Fintech Innovation ETF Company Profile

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.