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

ARK Innovation ETF (NYSEARCA:ARKK) saw unusually large options trading on Friday. Stock investors bought 69,420 call options on the stock. This represents an increase of 47% compared to the average daily volume of 47,359 call options.

ARK Innovation ETF Trading Up 2.1 %

Shares of NYSEARCA ARKK opened at $48.03 on Friday. The stock has a 50 day moving average of $45.40 and a 200-day moving average of $44.95. ARK Innovation ETF has a 12 month low of $33.76 and a 12 month high of $54.52.

Institutional Trading of ARK Innovation ETF

Institutional investors have recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC raised its holdings in ARK Innovation ETF by 3,969.2% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock valued at $62,559,000 after acquiring an additional 1,357,875 shares in the last quarter. Total Investment Management Inc. lifted its position in shares of ARK Innovation ETF by 8,939.1% during the 1st quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock worth $56,598,000 after buying an additional 1,117,656 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of 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 worth $62,177,000 after buying an additional 774,315 shares during the last quarter. McCarthy & Cox bought a new stake in shares of ARK Innovation ETF during the 1st quarter worth $16,409,000. Finally, Global Assets Advisory LLC bought a new stake in shares of ARK Innovation ETF during the 1st quarter worth $15,603,000.

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.