ARK Innovation ETF (NYSEARCA:ARKK – Get Free Report) saw unusually large options trading activity on Friday. Traders bought 102,365 call options on the stock. This is an increase of approximately 39% compared to the average volume of 73,895 call options.
ARK Innovation ETF Stock Performance
Shares of ARK Innovation ETF stock traded down $1.27 on Friday, hitting $57.68. 7,528,743 shares of the company traded hands, compared to its average volume of 9,564,576. The stock’s 50 day moving average price is $57.58 and its 200-day moving average price is $49.60. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $63.44.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Clear Harbor Asset Management LLC boosted its stake in shares of ARK Innovation ETF by 2.3% during the third quarter. Clear Harbor Asset Management LLC now owns 12,338 shares of the company’s stock valued at $586,000 after purchasing an additional 282 shares in the last quarter. Straight Path Wealth Management lifted its holdings in ARK Innovation ETF by 2.7% during the second quarter. Straight Path Wealth Management now owns 13,230 shares of the company’s stock worth $581,000 after buying an additional 350 shares during the period. D.A. Davidson & CO. boosted its position in ARK Innovation ETF by 3.1% during the 3rd quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock valued at $579,000 after acquiring an additional 361 shares in the last quarter. Saxon Interests Inc. increased its holdings in shares of ARK Innovation ETF by 6.9% in the 3rd quarter. Saxon Interests Inc. now owns 6,520 shares of the company’s stock valued at $310,000 after acquiring an additional 419 shares during the period. Finally, Legacy Private Trust Co. raised its position in shares of ARK Innovation ETF by 1.4% in the 3rd quarter. Legacy Private Trust Co. now owns 33,125 shares of the company’s stock worth $1,574,000 after acquiring an additional 449 shares in the last quarter.
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.
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