ARK Innovation ETF Target of Unusually High Options Trading (BATS:ARKK)

ARK Innovation ETF (BATS:ARKK) was the target of some unusual options trading on Wednesday. Investors bought 114,933 put options on the company. This is an increase of approximately 97% compared to the average daily volume of 58,236 put options.

Institutional Investors Weigh In On ARK Innovation ETF

Institutional investors have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. acquired a new position in shares of ARK Innovation ETF in the fourth quarter valued at approximately $221,000. Purpose Unlimited Inc. acquired a new position in ARK Innovation ETF during the 4th quarter worth $47,000. Rockefeller Capital Management L.P. grew its stake in ARK Innovation ETF by 3.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 104,689 shares of the company’s stock worth $8,053,000 after purchasing an additional 3,466 shares in the last quarter. Osbon Capital Management LLC acquired a new position in ARK Innovation ETF during the 4th quarter worth approximately $1,290,000. Finally, Worthington Financial Partners LLC acquired a new position in shares of ARK Innovation ETF during the 4th quarter worth about $1,210,000.

ARK Innovation ETF Price Performance

Shares of BATS:ARKK traded up $1.24 during midday trading on Wednesday, hitting $70.00. The company had a trading volume of 11,232,421 shares, compared to its average volume of 9,961,218. ARK Innovation ETF has a twelve month low of $40.44 and a twelve month high of $92.65. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The business’s 50-day simple moving average is $71.40 and its 200-day simple moving average is $78.60.

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 issued by ARK.