Investors Purchase Large Volume of ARK Innovation ETF Call Options (NYSEARCA:ARKK)

ARK Innovation ETF (NYSEARCA:ARKK) was the target of unusually large options trading activity on Friday. Investors purchased 102,365 call options on the company. This is an increase of approximately 39% compared to the typical daily volume of 73,895 call options.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA:ARKK opened at $57.47 on Friday. The stock’s 50-day moving average is $57.79 and its 200 day moving average is $49.75. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $63.44.

Institutional Investors Weigh In On ARK Innovation ETF

Large investors have recently made changes to their positions in the business. Ballentine Partners LLC bought a new stake in ARK Innovation ETF in the second quarter valued at $299,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of ARK Innovation ETF in the 2nd quarter worth about $26,000. Choreo LLC bought a new stake in shares of ARK Innovation ETF during the 2nd quarter valued at about $338,000. Wealthspire Advisors LLC increased its position in shares of ARK Innovation ETF by 26.6% during the second quarter. Wealthspire Advisors LLC now owns 8,225 shares of the company’s stock valued at $361,000 after buying an additional 1,730 shares during the period. Finally, J.W. Cole Advisors Inc. raised its stake in ARK Innovation ETF by 7.4% in the second quarter. J.W. Cole Advisors Inc. now owns 20,512 shares of the company’s stock worth $902,000 after buying an additional 1,417 shares in 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.