The ARK Space Exploration & Innovation ETF (ARKX) has witnessed an approximate $301.1 million outflow this week, marking a 28.8% decrease in shares outstanding from 33 million to 23.5 million. This significant drop highlights a changing investor sentiment toward the ETF, which now trades at $32.23, compared to its 52-week low of $15.075 and high of $35.53.
Among ARKX’s key holdings, L3Harris Technologies Inc (LHX) is down 0.2%, while Teradyne, Inc. (TER) and AeroVironment, Inc. (AVAV) have seen increases of 3.6% and 2.1%, respectively. The ETF’s performance is being closely monitored as changes in shares outstanding can directly impact the trading of its underlying assets.
