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

ARK Innovation ETF (NYSEARCA:ARKK) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 88,301 call options on the stock. This represents an increase of approximately 51% compared to the typical volume of 58,400 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors lifted its stake in ARK Innovation ETF by 1.5% during the second quarter. Arkadios Wealth Advisors now owns 14,929 shares of the company’s stock worth $656,000 after purchasing an additional 221 shares during the period. Mcdonald Partners LLC increased its holdings in shares of ARK Innovation ETF by 1.9% during the second quarter. Mcdonald Partners LLC now owns 12,038 shares of the company’s stock worth $529,000 after buying an additional 225 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of ARK Innovation ETF by 6.4% during the second quarter. Sound Income Strategies LLC now owns 4,037 shares of the company’s stock worth $177,000 after buying an additional 243 shares in the last quarter. New World Advisors LLC increased its holdings in shares of ARK Innovation ETF by 0.8% during the second quarter. New World Advisors LLC now owns 35,615 shares of the company’s stock worth $1,565,000 after buying an additional 282 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its holdings in shares of ARK Innovation ETF by 2.3% during the third quarter. Clear Harbor Asset Management LLC now owns 12,338 shares of the company’s stock worth $586,000 after buying an additional 282 shares in the last quarter.

ARK Innovation ETF Stock Up 2.7 %

Shares of NYSEARCA ARKK traded up $1.60 during mid-day trading on Wednesday, hitting $60.59. The company had a trading volume of 6,642,815 shares, compared to its average volume of 10,116,626. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $60.74. The business’s 50-day simple moving average is $50.58 and its 200-day simple moving average is $46.64.

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.