Investors Buy Large Volume of Put Options on ARK Innovation ETF (BATS:ARKK)

ARK Innovation ETF (BATS:ARKK) was the target of some unusual options trading on Friday. Stock traders acquired 114,392 put options on the company. This represents an increase of approximately 57% compared to the typical volume of 72,784 put options.

Institutional Investors Weigh In On ARK Innovation ETF

A number of large investors have recently made changes to their positions in ARKK. Orion Porfolio Solutions LLC increased its holdings in shares of ARK Innovation ETF by 8,291.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after purchasing an additional 1,590,149 shares during the period. State of Wisconsin Investment Board boosted its holdings in shares of ARK Innovation ETF by 95.8% during the fourth quarter. State of Wisconsin Investment Board now owns 2,804,342 shares of the company’s stock worth $215,710,000 after purchasing an additional 1,372,438 shares during the period. BW Gestao de Investimentos Ltda. grew its position in ARK Innovation ETF by 108.8% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 87,577 shares of the company’s stock valued at $6,736,000 after purchasing an additional 1,087,577 shares in the last quarter. Qube Research & Technologies Ltd grew its position in ARK Innovation ETF by 634.7% during the third quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock valued at $76,386,000 after purchasing an additional 764,653 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in ARK Innovation ETF by 620.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock valued at $50,046,000 after buying an additional 560,286 shares during the period.

ARK Innovation ETF Trading Down 1.9%

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

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.