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

ARK Innovation ETF (BATS:ARKK) saw some unusual options trading on Friday. Stock investors acquired 114,392 put options on the company. This is an increase of approximately 57% compared to the typical daily volume of 72,784 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Decker Retirement Planning Inc. raised its stake in shares of ARK Innovation ETF by 38,300.0% during the 1st quarter. Decker Retirement Planning Inc. now owns 384 shares of the company’s stock worth $26,000 after acquiring an additional 383 shares in the last quarter. TD Capital Management LLC acquired a new stake in ARK Innovation ETF in the fourth quarter valued at approximately $30,000. Wealth Watch Advisors INC purchased a new position in ARK Innovation ETF in the third quarter worth $32,000. Riggs Asset Managment Co. Inc. grew its holdings in ARK Innovation ETF by 1,635.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after purchasing an additional 458 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of ARK Innovation ETF by 85.0% during the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock worth $36,000 after purchasing an additional 192 shares in the last quarter.

ARK Innovation ETF Price Performance

ARK Innovation ETF stock traded down $1.38 during trading hours on Friday, reaching $75.29. The stock had a trading volume of 4,328,053 shares, compared to its average volume of 8,740,551. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The business’s 50 day moving average price is $78.39 and its 200-day moving average price is $75.87. ARK Innovation ETF has a 52 week low of $62.94 and a 52 week high of $92.65.

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.