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

ARK Innovation ETF (NYSEARCA:ARKK) was the target of some unusual options trading on Friday. Investors bought 102,365 call options on the stock. This is an increase of approximately 39% compared to the average volume of 73,895 call options.

ARK Innovation ETF Trading Down 2.5 %

Shares of ARK Innovation ETF stock opened at $57.47 on Friday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $63.44. The firm has a fifty day moving average of $57.79 and a two-hundred day moving average of $49.70.

Institutional Trading of ARK Innovation ETF

A number of institutional investors have recently made changes to their positions in the business. Ballentine Partners LLC acquired a new position in ARK Innovation ETF in the 2nd quarter worth about $299,000. Ashton Thomas Private Wealth LLC acquired a new position in ARK Innovation ETF during the 2nd quarter worth about $26,000. Choreo LLC bought a new stake in shares of ARK Innovation ETF in the 2nd quarter valued at about $338,000. Wealthspire Advisors LLC grew its position in shares of ARK Innovation ETF by 26.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 8,225 shares of the company’s stock valued at $361,000 after buying an additional 1,730 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of ARK Innovation ETF by 7.4% during the second quarter. J.W. Cole Advisors Inc. now owns 20,512 shares of the company’s stock worth $902,000 after acquiring an additional 1,417 shares during the last quarter.

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.