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

ARK Innovation ETF (NYSEARCA:ARKK) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 88,301 call options on the stock. This is an increase of approximately 51% compared to the typical daily volume of 58,400 call options.

Institutional Trading of ARK Innovation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in ARK Innovation ETF in the second quarter valued at approximately $26,000. Global Trust Asset Management LLC raised its position in ARK Innovation ETF by 550.0% in the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares during the period. Hershey Financial Advisers LLC purchased a new stake in ARK Innovation ETF in the second quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new stake in ARK Innovation ETF in the second quarter valued at approximately $34,000. Finally, Opal Wealth Advisors LLC purchased a new stake in ARK Innovation ETF in the second quarter valued at approximately $37,000.

ARK Innovation ETF Price Performance

Shares of 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 business’s 50 day moving average is $50.85 and its two-hundred day moving average is $46.74.

ARK Innovation ETF Company Profile

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.