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

ARK Innovation ETF (NYSEARCA:ARKK) was the target of unusually large options trading on Monday. Investors acquired 107,193 put options on the company. This represents an increase of 43% compared to the typical daily volume of 74,884 put options.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK opened at $56.70 on Tuesday. The business has a 50 day simple moving average of $58.00 and a 200 day simple moving average of $49.88. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $63.44.

Hedge Funds Weigh In On ARK Innovation ETF

Several hedge funds and other institutional investors have recently modified their holdings of ARKK. Renaissance Technologies LLC acquired a new position in shares of ARK Innovation ETF during the second quarter valued at $246,000. D. E. Shaw & Co. Inc. increased its stake in ARK Innovation ETF by 120.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock valued at $62,177,000 after buying an additional 774,315 shares during the period. Barclays PLC raised its position in shares of ARK Innovation ETF by 100.6% during the 3rd quarter. Barclays PLC now owns 65,166 shares of the company’s stock worth $3,098,000 after buying an additional 32,679 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of ARK Innovation ETF by 3.3% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 69,288 shares of the company’s stock worth $3,045,000 after acquiring an additional 2,225 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of ARK Innovation ETF in the third quarter valued at approximately $1,675,000.

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.