Investors Buy Large Volume of Call Options on ARK Fintech Innovation ETF (NYSEARCA:ARKF)

ARK Fintech Innovation ETF (NYSEARCA:ARKF) saw unusually large options trading activity on Monday. Investors acquired 3,461 call options on the company. This represents an increase of 1,564% compared to the average daily volume of 208 call options.

ARK Fintech Innovation ETF Stock Up 6.4 %

Shares of NYSEARCA ARKF opened at $37.14 on Tuesday. The firm has a market cap of $1.34 billion, a P/E ratio of 61.35 and a beta of 2.03. The company has a 50 day moving average of $30.08 and a 200 day moving average of $28.46. ARK Fintech Innovation ETF has a twelve month low of $20.24 and a twelve month high of $37.30.

Institutional Investors Weigh In On ARK Fintech Innovation ETF

Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in shares of ARK Fintech Innovation ETF by 2.6% in the 2nd quarter. Creative Planning now owns 23,070 shares of the company’s stock worth $643,000 after purchasing an additional 578 shares in the last quarter. Nwam LLC increased its stake in shares of ARK Fintech Innovation ETF by 1.4% in the 1st quarter. Nwam LLC now owns 54,407 shares of the company’s stock worth $1,650,000 after purchasing an additional 776 shares in the last quarter. CWM LLC increased its stake in shares of ARK Fintech Innovation ETF by 1.9% in the 2nd quarter. CWM LLC now owns 45,122 shares of the company’s stock worth $1,257,000 after purchasing an additional 845 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF in the 3rd quarter worth $28,000. Finally, Insight Advisors LLC PA increased its stake in shares of ARK Fintech Innovation ETF by 8.3% in the 2nd quarter. Insight Advisors LLC PA now owns 15,938 shares of the company’s stock worth $444,000 after purchasing an additional 1,223 shares in the last quarter.

ARK Fintech Innovation ETF Company Profile

The ARK Fintech Innovation ETF (ARKF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of stocks related to financial technology innovation. ARKF was launched on Feb 4, 2019 and is managed by ARK.