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DailyBubble News

ARK Genomic Revolution ETF Sees Unusually Large Options Volume (BATS:ARKG)

ARK Genomic Revolution ETF (ARKG) saw a surge in options trading on Thursday, with stock traders purchasing 80,585 put options on the company. This marked a significant increase of 731% compared to the average volume of 9,696 put options.

Shares of ARKG opened at $24.30 on Friday, with the business’s 50-day simple moving average at $25.03 and its 200-day simple moving average at $28.28.

Institutional investors have shown interest in ARK Genomic Revolution ETF, with Envestnet Portfolio Solutions Inc. acquiring a new stake in the company in the third quarter. Other investors like Hilltop Holdings Inc., Principal Securities Inc., BKM Wealth Management LLC, and International Assets Investment Management LLC have also bought shares of ARKG.

ARK Genomic Revolution ETF is an actively managed fund that focuses on companies in the genomics industry. Launched on Oct 31, 2014, ARKG is managed by ARK and aims to invest in stocks based on a specific theme. Stay updated with the latest news and ratings for ARK Genomic Revolution ETF by signing up for MarketBeat.com’s daily email newsletter.

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