ARK Innovation ETF Target of Unusually High Options Trading (NYSEARCA:ARKK)

ARK Innovation ETF (NYSEARCA:ARKK) was the recipient of unusually large options trading on Thursday. Investors purchased 65,997 call options on the stock. This is an increase of 41% compared to the typical volume of 46,672 call options.

ARK Innovation ETF Stock Up 1.2 %

ARK Innovation ETF stock traded up $0.65 during mid-day trading on Thursday, hitting $52.79. The company’s stock had a trading volume of 3,114,621 shares, compared to its average volume of 10,130,437. The firm’s 50 day moving average is $46.31 and its 200 day moving average is $45.08. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $54.52.

Institutional Investors Weigh In On ARK Innovation ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Arkadios Wealth Advisors raised its stake in shares of ARK Innovation ETF by 1.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 14,929 shares of the company’s stock worth $656,000 after purchasing an additional 221 shares in the last quarter. Mcdonald Partners LLC raised its stake in shares of ARK Innovation ETF by 1.9% in the 2nd quarter. Mcdonald Partners LLC now owns 12,038 shares of the company’s stock valued at $529,000 after acquiring an additional 225 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of ARK Innovation ETF by 6.4% in the 2nd quarter. Sound Income Strategies LLC now owns 4,037 shares of the company’s stock valued at $177,000 after acquiring an additional 243 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in shares of ARK Innovation ETF by 1.5% in the 1st quarter. HBK Sorce Advisory LLC now owns 17,899 shares of the company’s stock valued at $896,000 after acquiring an additional 260 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its stake in shares of ARK Innovation ETF by 1.9% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 14,501 shares of the company’s stock valued at $726,000 after acquiring an additional 277 shares in the last quarter.

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.