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

ARK Innovation ETF (NYSEARCA:ARKK) was the target of some unusual options trading on Friday. Investors purchased 110,829 put options on the stock. This represents an increase of approximately 30% compared to the typical volume of 85,119 put options.

Institutional Investors Weigh In On ARK Innovation ETF

Several institutional investors have recently added to or reduced their stakes in the business. Horizon Wealth Management LLC lifted its stake in ARK Innovation ETF by 3.4% during the first quarter. Horizon Wealth Management LLC now owns 7,426 shares of the company’s stock worth $353,000 after purchasing an additional 243 shares during the last quarter. Principal Securities Inc. lifted its stake in ARK Innovation ETF by 3.9% during the first quarter. Principal Securities Inc. now owns 6,629 shares of the company’s stock worth $315,000 after purchasing an additional 250 shares during the last quarter. Post Resch Tallon Group Inc. lifted its stake in ARK Innovation ETF by 0.8% during the first quarter. Post Resch Tallon Group Inc. now owns 32,648 shares of the company’s stock worth $1,544,000 after purchasing an additional 251 shares during the last quarter. Moors & Cabot Inc. lifted its stake in ARK Innovation ETF by 1.3% in the fourth quarter. Moors & Cabot Inc. now owns 20,650 shares of the company’s stock valued at $1,172,000 after buying an additional 263 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of ARK Innovation ETF by 1.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 27,224 shares of the company’s stock valued at $1,295,000 after acquiring an additional 291 shares during the period.

ARK Innovation ETF Stock Up 1.4%

ARKK stock opened at $67.73 on Friday. The business has a 50 day moving average price of $55.21 and a 200 day moving average price of $56.15. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 36.42 and a beta of 1.92. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.44.

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.