SPDR S&P Regional Banking ETF Target of Unusually High Options Trading (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of unusually large options trading on Wednesday. Stock traders bought 203,573 call options on the stock. This is an increase of approximately 168% compared to the average daily volume of 76,042 call options.

Institutional Trading of SPDR S&P Regional Banking ETF

Several hedge funds have recently modified their holdings of KRE. Morgan Stanley lifted its position in shares of SPDR S&P Regional Banking ETF by 23.3% during the 4th quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock valued at $901,870,000 after acquiring an additional 2,630,511 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in SPDR S&P Regional Banking ETF in the first quarter valued at $83,392,000. MKP Capital Management L.L.C. bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at $48,329,000. Jump Financial LLC bought a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at $46,715,000. Finally, Nan Shan Life Insurance Co. Ltd. raised its holdings in shares of SPDR S&P Regional Banking ETF by 3,515.3% during the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock valued at $41,243,000 after purchasing an additional 633,522 shares during the period.

SPDR S&P Regional Banking ETF Stock Down 0.3%

KRE traded down $0.25 during trading on Wednesday, hitting $77.59. The company’s stock had a trading volume of 6,009,123 shares, compared to its average volume of 16,682,475. SPDR S&P Regional Banking ETF has a twelve month low of $57.55 and a twelve month high of $78.35. The stock’s fifty day moving average price is $73.71 and its 200-day moving average price is $70.15. The firm has a market capitalization of $4.72 billion, a P/E ratio of 12.39 and a beta of 0.84.

About SPDR S&P Regional Banking ETF

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.