Traders Purchase High Volume of ARK Innovation ETF Put Options (BATS:ARKK)

ARK Innovation ETF (BATS:ARKK) saw unusually large options trading on Friday. Stock investors acquired 82,794 put options on the stock. This represents an increase of 25% compared to the average daily volume of 66,165 put options.

ARK Innovation ETF Stock Down 1.6%

ARKK stock traded down $1.30 during mid-day trading on Friday, hitting $77.64. 7,515,481 shares of the company were exchanged. The firm’s 50-day simple moving average is $79.90 and its two-hundred day simple moving average is $80.18. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92.

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.