The 3D Printing ETF (CBOE: PRNT) , the lone ETF focusing on the 3D printing theme, was mostly flat last week, but there are some notable headlines involving the industry that could prove pertinent to PRNT going forward.
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PRNT debuted nearly three years ago as the first US-listed ETF dedicated to the 3D printing theme. The fund is one of two passively managed products from New York-based Ark Investment Management.
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ARK believes 3D printing will revolutionize manufacturing by collapsing the time between design and production, reducing costs, and enabling greater design complexity, accuracy, and customization than traditional manufacturing. Last week, “ Organovo (ONVO) closed up nearly 18% on Monday possibly because investors are anticipating positive news about the company’s plans for a new strategic partnership to maximize the impact of its 3D bioprinting technology,” according to ARK Invest . Organovo isn’t a PRNT component, but the aforementioned scenario […]
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