Virgin Galactic shot up crazily after ARK Investment Management filed with the Securities and Exchange Commission to launch a space exploration exchange-traded fund. ARK didn't identify what companies it would hold in the fund but it would look to select space companies to be included in the ETF. According to the filing, ARK’s actively managed ETF will invest 80% in stocks engaged in the investment theme of space exploration and innovation, defined as “leading, enabling or benefiting from technologically enabled products and/or services that occur beyond the surface of the Earth.”
I bought the stock back then in September 2020 with 20,000 shares at $20.18 and it's current now $30.43. At one point, the stock shot up high to $33++ and profits were escalating even further. Up with $205,000 USD currently and looking to move my funds to another company so as to capture the wave instead of holding it. As I continue to trade the market, my goal is to compound my profits this year and make it worthwhile for 2021.
