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

ARK Innovation ETF (NYSEARCA:ARKK) was the recipient of some unusual options trading on Monday. Stock traders purchased 137,181 put options on the company. This is an increase of approximately 56% compared to the average daily volume of 87,661 put options.

ARK Innovation ETF Stock Down 0.9 %

Shares of ARK Innovation ETF stock traded down $0.53 during trading on Monday, hitting $59.67. 10,342,748 shares of the stock traded hands, compared to its average volume of 8,613,118. The company has a fifty day moving average price of $61.04 and a two-hundred day moving average price of $53.39. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43.

Institutional Trading of ARK Innovation ETF

A number of institutional investors have recently added to or reduced their stakes in ARKK. Bellwether Advisors LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $29,000. Murphy & Mullick Capital Management Corp bought a new stake in ARK Innovation ETF during the fourth quarter worth approximately $38,000. Graney & King LLC acquired a new position in ARK Innovation ETF during the fourth quarter valued at approximately $61,000. Kestra Investment Management LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter valued at approximately $68,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of ARK Innovation ETF in the third quarter worth $76,000.

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.