Traders Buy High Volume of Call Options on ARK Innovation ETF (NYSEARCA:ARKK)

ARK Innovation ETF (NYSEARCA:ARKK) was the target of unusually large options trading activity on Friday. Stock investors purchased 102,365 call options on the stock. This is an increase of 39% compared to the typical daily volume of 73,895 call options.

ARK Innovation ETF Stock Performance

ARKK opened at $57.47 on Friday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $63.44. The company’s fifty day moving average price is $57.79 and its two-hundred day moving average price is $49.70.

Institutional Investors Weigh In On ARK Innovation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in shares of ARK Innovation ETF by 5,773.2% in the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock valued at $755,420,000 after acquiring an additional 1,562,287 shares in the last quarter. Blue Trust Inc. grew its stake in ARK Innovation ETF by 3.4% in the 3rd quarter. Blue Trust Inc. now owns 1,514,863 shares of the company’s stock valued at $66,578,000 after purchasing an additional 50,251 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of ARK Innovation ETF by 120.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock worth $62,177,000 after purchasing an additional 774,315 shares during the period. Total Investment Management Inc. boosted its holdings in shares of ARK Innovation ETF by 16.9% in the 3rd quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after buying an additional 193,251 shares during the last quarter. Finally, Ascension Capital Advisors Inc. grew its position in ARK Innovation ETF by 32.0% during the third quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock valued at $16,930,000 after buying an additional 86,382 shares during the period.

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.