Stock Traders Buy Large Volume of ARK Innovation ETF Put Options (NYSEARCA:ARKK)

ARK Innovation ETF (NYSEARCA:ARKK) saw unusually large options trading on Monday. Stock traders purchased 137,181 put options on the stock. This is an increase of 56% compared to the average volume of 87,661 put options.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Bellwether Advisors LLC bought a new stake in shares of ARK Innovation ETF in the fourth quarter valued at $29,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of ARK Innovation ETF in the fourth quarter valued at $38,000. Graney & King LLC bought a new stake in shares of ARK Innovation ETF in the fourth quarter valued at $61,000. Kestra Investment Management LLC bought a new stake in shares of ARK Innovation ETF in the fourth quarter valued at $68,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of ARK Innovation ETF in the third quarter valued at $76,000.

ARK Innovation ETF Stock Performance

Shares of ARKK opened at $59.08 on Tuesday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $68.43. The business has a 50-day moving average of $61.04 and a 200-day moving average of $53.39.

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.