ARK Innovation ETF Sees Unusually High Options Volume (BATS:ARKK)

ARK Innovation ETF (BATS:ARKK) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 114,933 put options on the company. This represents an increase of approximately 97% compared to the typical volume of 58,236 put options.

ARK Innovation ETF Stock Up 2.3%

Shares of ARKK opened at $70.36 on Thursday. The firm has a 50-day moving average price of $71.21 and a 200 day moving average price of $78.54. The firm has a market capitalization of $6.66 billion, a PE ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 52-week low of $40.44 and a 52-week high of $92.65.

Hedge Funds Weigh In On ARK Innovation ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caitlin John LLC acquired a new stake in ARK Innovation ETF in the 3rd quarter valued at about $27,000. Addison Advisors LLC acquired a new stake in ARK Innovation ETF in the 3rd quarter valued at about $28,000. New Millennium Group LLC acquired a new stake in ARK Innovation ETF in the 3rd quarter valued at about $31,000. Wealth Watch Advisors INC acquired a new stake in ARK Innovation ETF in the 3rd quarter valued at about $32,000. Finally, TD Capital Management LLC acquired a new stake in ARK Innovation ETF in the 4th quarter valued at about $30,000.

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 issued by ARK.