Why Is ARK Innovation ETF (ARKK) Down Today?

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

The ARK Innovation ETF uses cornerstone investments to offer quality risk-reward situations for investors, remaining stable for as long as possible while increasing volume and profitability. Using the practice of disruptive innovation, ARKK carries stocks from a range of companies working in scientific research, industrial innovation, automatic, clean energy, etc.

ARK Innovation ETF ARKK

Over the past year, ARKK has risen from just under $80 up to $160 and currently sits level around $120. Because the fund focuses on long-term growth over short-term profits, the ebbs and flows of the fund mean far less than the upward trajectory of the fund over the next few years.

Why is ARKK Moving?

ARKK is moving due to changes among its holdings. The top ten holdings for ARKK include Tesla, Roku, Teladoc Health, Shopify, Square, Zoom Coinbase, Twilio, Spotify and Unity Software. As these holdings, and others shift, investors may sell off the stock and move back to the ETF when they are more comfortable.

Where to Buy ARK Innovation ETF Stock

Given the slight dip in ARKK prices, investors can buy in today and enjoy long-term benefits. Using the brokerage houses curated by Benzinga helps investors make wise decisions, save money and invest securely. 
 

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Stay Ahead of the Game on ARKK

When you are investing in the stock market, you want to stay ahead of the game on any stock—like ARKK. Using Benzinga Pro ensures that you have all the right information, details and news you need. Reviewing stock information every day helps you stay abreast of the markets, study current events and remain profitable.

Data for ARK Innovation ETF as of July 14, 2021

Summary of ARK Innovation ETF as of July 14, 2021:

  • Price Change: $122.270 to $122.35
  • 52 Week Low: $75.01
  • 52 Week High: $159.70
  • Market Cap: -
  • P/E Ratio: -
  • Dividend Yield: 0.13%

Significant Dates for ARK Innovation ETF:

  • Next Earnings Date: -
  • Last Earnings Date: -
  • Ex-Dividend Date: December 27, 2017
  • Dividend Payment Date: -

Technical Data of ARK Innovation ETF as of July 14, 2021:

  • RSI: 51.8077 ⮕ Neutral
  • MACD: Signal Line (0.9921) Over MACD (-0.9891) ⮕ Bullish
  • Bollinger Bands: Price ($[Current Price]), 20-Day SMA ($113.4411), Lower Band ($104.5967) Upper Band ($132.3476) ⮕ Neutral

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
 

Posted In: Markets
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