Investors Buy Large Volume of ARK Innovation ETF Call Options (NYSEARCA:ARKK)


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ARK Innovation ETF (NYSEARCA:ARKK) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 117,140 call options on the stock. This represents an increase of approximately 340% compared to the average volume of 26,622 call options.

Hedge funds have recently bought and sold shares of the stock. Clean Yield Group bought a new position in shares of ARK Innovation ETF in the fourth quarter worth about $25,000. Core Wealth Advisors Inc. purchased a new stake in ARK Innovation ETF in the fourth quarter worth about $25,000. Insight Financial Services purchased a new stake in ARK Innovation ETF in the fourth quarter worth about $26,000. Capstone Triton Financial Group LLC purchased a new stake in ARK Innovation ETF in the fourth quarter worth about $28,000. Finally, Highlander Capital Management LLC purchased a new stake in ARK Innovation ETF in the third quarter worth about $28,000.

Shares of ARK Innovation ETF stock traded down $4.97 on Tuesday, hitting $138.81. 1,711,556 shares of the company traded hands, compared to its average volume of 8,404,897. ARK Innovation ETF has a 52 week low of $33.00 and a 52 week high of $159.70. The business has a 50-day simple moving average of $145.27 and a 200 day simple moving average of $112.51.

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