Stock Traders Purchase High Volume of ARK Innovation ETF Call Options (NYSEARCA:ARKK)

ARK Innovation ETF (NYSEARCA:ARKK) was the recipient of unusually large options trading on Friday. Stock investors purchased 69,420 call options on the company. This represents an increase of approximately 47% compared to the average volume of 47,359 call options.

ARK Innovation ETF Stock Performance

Shares of ARKK opened at $48.03 on Friday. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52. The stock’s 50-day moving average price is $45.40 and its two-hundred day moving average price is $44.95.

Institutional Investors Weigh In On ARK Innovation ETF

A number of hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new stake in ARK Innovation ETF in the 2nd quarter valued at approximately $26,000. Westside Investment Management Inc. boosted its stake in shares of ARK Innovation ETF by 107.1% during the 1st quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares during the period. Hershey Financial Advisers LLC bought a new position in shares of ARK Innovation ETF during the 2nd quarter worth approximately $32,000. GoalVest Advisory LLC boosted its stake in shares of ARK Innovation ETF by 124.8% during the 1st quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock worth $34,000 after acquiring an additional 372 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of ARK Innovation ETF during the 2nd quarter worth approximately $34,000.

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.