Traders Purchase Large Volume of SPDR S&P Homebuilders ETF Put Options (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 12,949 put options on the company. This represents an increase of approximately 84% compared to the average volume of 7,021 put options.

SPDR S&P Homebuilders ETF Stock Performance

Shares of SPDR S&P Homebuilders ETF stock traded down $2.89 during trading on Wednesday, hitting $106.52. 1,836,460 shares of the company’s stock were exchanged, compared to its average volume of 2,606,464. The business has a 50-day simple moving average of $105.72 and a 200-day simple moving average of $107.24. SPDR S&P Homebuilders ETF has a 52-week low of $93.57 and a 52-week high of $123.13. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 11.47 and a beta of 1.24.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BOS Asset Management LLC raised its position in SPDR S&P Homebuilders ETF by 14.9% during the fourth quarter. BOS Asset Management LLC now owns 39,572 shares of the exchange traded fund’s stock valued at $4,074,000 after acquiring an additional 5,136 shares in the last quarter. Palumbo Wealth Management LLC acquired a new position in SPDR S&P Homebuilders ETF in the fourth quarter valued at approximately $2,851,000. CoreCap Advisors LLC boosted its position in SPDR S&P Homebuilders ETF by 96.2% in the 4th quarter. CoreCap Advisors LLC now owns 239,832 shares of the exchange traded fund’s stock worth $24,693,000 after purchasing an additional 117,580 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in SPDR S&P Homebuilders ETF in the 3rd quarter worth approximately $4,598,000. Finally, Zweig DiMenna Associates LLC grew its stake in shares of SPDR S&P Homebuilders ETF by 104.3% during the 4th quarter. Zweig DiMenna Associates LLC now owns 18,800 shares of the exchange traded fund’s stock worth $1,936,000 after purchasing an additional 9,600 shares during the period.

SPDR S&P Homebuilders ETF Company Profile

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.