Traders Purchase Large Volume of Call Options on ARK Fintech Innovation ETF (NYSEARCA:ARKF)

ARK Fintech Innovation ETF (NYSEARCA:ARKF) was the target of some unusual options trading activity on Monday. Traders bought 3,461 call options on the stock. This is an increase of 1,564% compared to the average volume of 208 call options.

Institutional Investors Weigh In On ARK Fintech Innovation ETF

Large investors have recently added to or reduced their stakes in the business. PFG Advisors acquired a new stake in ARK Fintech Innovation ETF during the first quarter worth approximately $207,000. Concurrent Investment Advisors LLC boosted its stake in ARK Fintech Innovation ETF by 15.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 25,467 shares of the company’s stock valued at $772,000 after purchasing an additional 3,503 shares during the period. Nwam LLC grew its holdings in ARK Fintech Innovation ETF by 1.4% in the 1st quarter. Nwam LLC now owns 54,407 shares of the company’s stock valued at $1,650,000 after buying an additional 776 shares in the last quarter. Flow Traders U.S. LLC bought a new position in ARK Fintech Innovation ETF during the 1st quarter worth $3,674,000. Finally, Jane Street Group LLC lifted its holdings in shares of ARK Fintech Innovation ETF by 764.0% during the first quarter. Jane Street Group LLC now owns 460,977 shares of the company’s stock worth $13,981,000 after buying an additional 407,625 shares in the last quarter.

ARK Fintech Innovation ETF Stock Up 2.2 %

NYSEARCA:ARKF opened at $37.96 on Wednesday. ARK Fintech Innovation ETF has a twelve month low of $20.24 and a twelve month high of $38.24. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. The stock’s 50 day moving average price is $30.47 and its two-hundred day moving average price is $28.60.

About ARK Fintech Innovation ETF

The ARK Fintech Innovation ETF (ARKF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of stocks related to financial technology innovation. ARKF was launched on Feb 4, 2019 and is managed by ARK.