ARK Next Generation Internet ETF Target of Unusually Large Options Trading (NYSEARCA:ARKW)


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ARK Next Generation Internet ETF (NYSEARCA:ARKW) saw unusually large options trading activity on Tuesday. Stock traders bought 7,562 call options on the stock. This represents an increase of approximately 180% compared to the average daily volume of 2,700 call options.

Shares of ARKW stock traded down $5.91 during mid-day trading on Tuesday, hitting $169.38. The stock had a trading volume of 286,610 shares, compared to its average volume of 1,812,284. ARK Next Generation Internet ETF has a fifty-two week low of $40.49 and a fifty-two week high of $191.13. The company’s 50-day simple moving average is $167.88 and its 200-day simple moving average is $131.87.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its stake in shares of ARK Next Generation Internet ETF by 9.8% in the fourth quarter. Advisory Services Network LLC now owns 1,082 shares of the company’s stock valued at $158,000 after purchasing an additional 97 shares during the period. West Oak Capital LLC lifted its stake in shares of ARK Next Generation Internet ETF by 100.0% in the fourth quarter. West Oak Capital LLC now owns 200 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Toth Financial Advisory Corp lifted its stake in shares of ARK Next Generation Internet ETF by 66.7% in the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $37,000 after purchasing an additional 100 shares during the period. Northwest Capital Management Inc lifted its stake in shares of ARK Next Generation Internet ETF by 7.5% in the fourth quarter. Northwest Capital Management Inc now owns 2,183 shares of the company’s stock valued at $320,000 after purchasing an additional 153 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of ARK Next Generation Internet ETF in the fourth quarter valued at about $26,000.

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