Traders Purchase Large Volume of ARK Innovation ETF Put Options (BATS:ARKK)

ARK Innovation ETF (BATS:ARKK) was the recipient of some unusual options trading activity on Friday. Traders acquired 114,392 put options on the company. This is an increase of 57% compared to the average daily volume of 72,784 put options.

ARK Innovation ETF Price Performance

Shares of ARK Innovation ETF stock traded down $1.38 on Friday, reaching $75.29. The company had a trading volume of 4,328,053 shares, compared to its average volume of 8,740,551. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The firm’s 50-day moving average price is $78.39 and its two-hundred day moving average price is $75.87. ARK Innovation ETF has a 1 year low of $62.94 and a 1 year high of $92.65.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Diversified Management Inc. bought a new stake in shares of ARK Innovation ETF in the second quarter valued at about $242,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in ARK Innovation ETF by 2.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,013 shares of the company’s stock worth $405,000 after acquiring an additional 139 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in ARK Innovation ETF by 2.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 13,120 shares of the company’s stock valued at $1,060,000 after purchasing an additional 258 shares during the period. Valeo Financial Advisors LLC purchased a new position in ARK Innovation ETF during the 2nd quarter valued at about $264,000. Finally, Post Resch Tallon Group Inc. raised its holdings in shares of ARK Innovation ETF by 1.8% in the 2nd quarter. Post Resch Tallon Group Inc. now owns 30,333 shares of the company’s stock valued at $2,452,000 after purchasing an additional 545 shares in the last quarter.

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 issued by ARK.