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

ARK Innovation ETF (NYSEARCA:ARKK) was the target of some unusual options trading on Thursday. Investors acquired 65,997 call options on the stock. This is an increase of approximately 41% compared to the average daily volume of 46,672 call options.

ARK Innovation ETF Trading Up 1.2 %

ARKK stock traded up $0.65 during trading hours on Thursday, hitting $52.79. 3,114,621 shares of the stock traded hands, compared to its average volume of 10,130,437. The stock has a 50-day simple moving average of $46.31 and a 200 day simple moving average of $45.08. ARK Innovation ETF has a one year low of $36.85 and a one year high of $54.52.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARKK. Ashton Thomas Private Wealth LLC acquired a new position in shares of ARK Innovation ETF in the 2nd quarter valued at $26,000. Global Trust Asset Management LLC boosted its position in shares of ARK Innovation ETF by 550.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares during the period. Hershey Financial Advisers LLC acquired a new position in shares of ARK Innovation ETF in the 2nd quarter valued at $32,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of ARK Innovation ETF in the 2nd quarter valued at $34,000. Finally, Consultiva Wealth Management CORP. acquired a new position in shares of ARK Innovation ETF in the 1st quarter valued at $42,000.

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.