Traders Purchase High Volume of ARK Innovation ETF Put Options (BATS:ARKK)

ARK Innovation ETF (BATS:ARKK) was the target of some unusual options trading activity on Friday. Stock traders acquired 82,794 put options on the company. This represents an increase of 25% compared to the average volume of 66,165 put options.

ARK Innovation ETF Stock Performance

BATS ARKK opened at $74.87 on Friday. The stock’s 50 day moving average price is $80.02 and its 200 day moving average price is $80.26. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92.

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 issued by ARK.