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

ARK Innovation ETF (NYSEARCA:ARKK) was the recipient of some unusual options trading activity on Friday. Investors purchased 131,859 put options on the stock. This is an increase of 57% compared to the average daily volume of 84,020 put options.

ARK Innovation ETF Trading Up 1.8%

ARKK opened at $77.63 on Friday. The stock has a market capitalization of $7.61 billion, a PE ratio of 50.14 and a beta of 1.64. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $78.89. The firm has a 50-day moving average price of $64.43 and a two-hundred day moving average price of $57.72.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. SVB Wealth LLC bought a new position in ARK Innovation ETF in the first quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in ARK Innovation ETF in the second quarter valued at approximately $28,000. Bellwether Advisors LLC bought a new position in ARK Innovation ETF in the fourth quarter valued at approximately $29,000. SJS Investment Consulting Inc. lifted its stake in ARK Innovation ETF by 4,410.0% in the second quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock valued at $32,000 after buying an additional 441 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in ARK Innovation ETF in the fourth quarter valued at approximately $38,000.

About ARK Innovation ETF

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.