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

ARK Innovation ETF (BATS:ARKK) saw some unusual options trading activity on Friday. Traders bought 114,392 put options on the company. This is an increase of approximately 57% compared to the typical daily volume of 72,784 put options.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $75.20 on Friday. The firm has a 50-day simple moving average of $78.31 and a two-hundred day simple moving average of $75.87. ARK Innovation ETF has a 1-year low of $62.94 and a 1-year high of $92.65. The stock has a market cap of $7.12 billion, a PE ratio of 50.14 and a beta of 1.92.

Institutional Trading of ARK Innovation ETF

Large investors have recently modified their holdings of the business. D.A. Davidson & CO. grew its position in ARK Innovation ETF by 1.2% during the 4th quarter. D.A. Davidson & CO. now owns 11,315 shares of the company’s stock worth $870,000 after acquiring an additional 133 shares during the last quarter. Legacy Solutions LLC increased its holdings in ARK Innovation ETF by 4.0% during the 2nd quarter. Legacy Solutions LLC now owns 3,552 shares of the company’s stock valued at $287,000 after purchasing an additional 137 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in ARK Innovation ETF by 2.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,013 shares of the company’s stock valued at $405,000 after purchasing an additional 139 shares during the last quarter. Bleakley Financial Group LLC raised its position in ARK Innovation ETF by 0.5% in the 1st quarter. Bleakley Financial Group LLC now owns 30,838 shares of the company’s stock valued at $2,084,000 after purchasing an additional 146 shares during the last quarter. Finally, Transcend Capital Advisors LLC raised its position in ARK Innovation ETF by 5.2% in the 4th quarter. Transcend Capital Advisors LLC now owns 3,031 shares of the company’s stock valued at $233,000 after purchasing an additional 150 shares during the last quarter.

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.