ARK's space and innovation ETFs surged past key averages, drawing mixed institutional investor responses.

The ARK Space Exploration & Innovation ETF, ARCAX, crossed above its 200-day moving average, reaching $18.59. Institutional investors like 7 Ridges Capital increased their stakes. Meanwhile, the ARK Innovation ETF, ARKK, saw varied adjustments from institutional investors, with some reducing holdings and others increasing. Both ETFs focus on disruptive innovation and space technology, with ARKK also showing a rise above its 200-day moving average.

November 23, 2024
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