ARK Innovation ETF Sees Unusually High Options Volume (NYSEARCA:ARKK)

ARK Innovation ETF (NYSEARCA:ARKK) was the target of some unusual options trading on Wednesday. Stock traders acquired 88,301 call options on the company. This represents an increase of approximately 51% compared to the average daily volume of 58,400 call options.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK opened at $60.83 on Thursday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $60.86. The stock’s 50-day moving average price is $50.85 and its 200-day moving average price is $46.74.

Institutional Investors Weigh In On ARK Innovation ETF

Several institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in ARK Innovation ETF in the 2nd quarter worth approximately $26,000. Global Trust Asset Management LLC lifted its stake in ARK Innovation ETF by 550.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in ARK Innovation ETF in the 2nd quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new position in ARK Innovation ETF in the 2nd quarter worth approximately $34,000. Finally, Opal Wealth Advisors LLC purchased a new position in ARK Innovation ETF in the 2nd quarter worth approximately $37,000.

About ARK Innovation ETF

The ARK Innovation ETF (ARKK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks long-term capital growth from companies globally involved with, or that benefit from, disruptive innovation. ARKK was launched on Oct 31, 2014 and is managed by ARK.