Investors Purchase Large Volume of Call Options on ARK Innovation ETF (NYSEARCA:ARKK)

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

Hedge Funds Weigh In On ARK Innovation ETF

Several hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in ARK Innovation ETF during the second quarter worth $26,000. Global Trust Asset Management LLC increased its position in ARK Innovation ETF by 550.0% during the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after buying an additional 550 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in ARK Innovation ETF during the second quarter worth $32,000. Strategic Investment Solutions Inc. IL purchased a new position in ARK Innovation ETF during the second quarter worth $34,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of ARK Innovation ETF in the second quarter valued at $37,000.

ARK Innovation ETF Stock Up 2.6 %

NYSEARCA ARKK opened at $54.08 on Friday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $54.52. The business has a 50 day moving average price of $46.66 and a 200 day moving average price of $45.22.

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.