Traders Buy High Volume of ARK Innovation ETF Call Options (NYSEARCA:ARKK)

ARK Innovation ETF (NYSEARCA:ARKK) saw unusually large options trading activity on Friday. Stock traders bought 102,365 call options on the company. This represents an increase of approximately 39% compared to the average volume of 73,895 call options.

ARK Innovation ETF Stock Down 2.2 %

NYSEARCA ARKK traded down $1.27 during trading hours on Friday, reaching $57.68. The company’s stock had a trading volume of 7,528,743 shares, compared to its average volume of 9,564,576. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $63.44. The firm’s 50-day moving average price is $57.58 and its 200-day moving average price is $49.60.

Institutional Trading of ARK Innovation ETF

Several hedge funds have recently modified their holdings of ARKK. Sculati Wealth Management LLC bought a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at approximately $220,000. Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF during the third quarter worth $86,000. Barclays PLC increased its position in ARK Innovation ETF by 100.6% during the third quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after acquiring an additional 32,679 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of ARK Innovation ETF in the third quarter valued at $6,545,000. Finally, Stevens Capital Management LP lifted its holdings in shares of ARK Innovation ETF by 152.7% in the 3rd quarter. Stevens Capital Management LP now owns 68,523 shares of the company’s stock worth $3,257,000 after acquiring an additional 41,408 shares during the last quarter.

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.