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

ARK Innovation ETF (NYSEARCA:ARKK) was the target of unusually large options trading activity on Wednesday. Traders acquired 88,301 call options on the company. This is an increase of 51% compared to the typical daily volume of 58,400 call options.

ARK Innovation ETF Trading Up 2.7 %

ARK Innovation ETF stock traded up $1.60 during mid-day trading on Wednesday, hitting $60.59. 6,642,815 shares of the company’s stock were exchanged, compared to its average volume of 10,116,626. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $60.74. The stock has a 50 day moving average of $50.58 and a two-hundred day moving average of $46.64.

Hedge Funds Weigh In On ARK Innovation ETF

Hedge funds have recently bought and sold shares of the business. Atria Investments Inc bought a new stake in ARK Innovation ETF during the first quarter valued at about $1,335,000. Mather Group LLC. boosted its holdings in ARK Innovation ETF by 47.4% during the second quarter. Mather Group LLC. now owns 1,079 shares of the company’s stock valued at $47,000 after acquiring an additional 347 shares during the period. CWM LLC lifted its stake in shares of ARK Innovation ETF by 0.5% in the second quarter. CWM LLC now owns 114,425 shares of the company’s stock valued at $5,029,000 after buying an additional 623 shares during the period. Albion Financial Group UT lifted its stake in shares of ARK Innovation ETF by 1,785.7% in the second quarter. Albion Financial Group UT now owns 1,056 shares of the company’s stock valued at $46,000 after buying an additional 1,000 shares during the period. Finally, Clarus Wealth Advisors lifted its stake in shares of ARK Innovation ETF by 6.1% in the second quarter. Clarus Wealth Advisors now owns 12,955 shares of the company’s stock valued at $595,000 after buying an additional 745 shares during the period.

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.