ARK Innovation ETF (NYSEARCA:ARKK) experienced a surge in options trading on Tuesday, with stock traders purchasing 109,872 call options on the company. This marked a 42% increase compared to the typical daily volume of 77,273 call options.
Several institutional investors have recently made changes to their positions in ARK Innovation ETF. For instance, Jones Financial Companies Lllp acquired a new position in the company, while other investors like Oliver Lagore Vanvalin Investment Group and Westside Investment Management Inc. increased their positions. Authentikos Wealth Advisory LLC and GoalVest Advisory LLC also entered new positions in the company.
Shares of ARKK stock opened at $45.12 on Wednesday, with a 50-day moving average of $46.98 and a two-hundred day moving average of $47.06. The stock has a 52-week low of $33.76 and a 52-week high of $54.52.
ARK Innovation ETF (ARKK) is an exchange-traded fund that focuses on investing in stocks related to disruptive innovation globally. Launched in 2014, the fund seeks long-term capital growth and is managed by ARK.
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