SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Stock Sees Heavy Call Option Buying

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the target of some unusual options trading on Wednesday. Stock traders purchased 9,707 call options on the company. This is an increase of approximately 55% compared to the average volume of 6,251 call options.

SPDR S&P Homebuilders ETF Price Performance

SPDR S&P Homebuilders ETF stock opened at $95.75 on Friday. SPDR S&P Homebuilders ETF has a 12 month low of $91.87 and a 12 month high of $123.13. The business has a 50 day simple moving average of $100.84 and a 200-day simple moving average of $103.94. The stock has a market capitalization of $1.51 billion, a PE ratio of 11.47 and a beta of 1.25.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

Several institutional investors have recently bought and sold shares of the company. Annex Advisory Services LLC purchased a new position in SPDR S&P Homebuilders ETF during the 2nd quarter worth $66,305,000. Passaic Partners LLC boosted its holdings in shares of SPDR S&P Homebuilders ETF by 89.6% in the second quarter. Passaic Partners LLC now owns 166,897 shares of the exchange traded fund’s stock valued at $19,287,000 after acquiring an additional 78,852 shares in the last quarter. Greenland Capital Management LP purchased a new stake in shares of SPDR S&P Homebuilders ETF in the second quarter valued at about $17,334,000. Concentric Capital Strategies LP purchased a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at about $10,308,000. Finally, Graham Capital Management L.P. acquired a new position in shares of SPDR S&P Homebuilders ETF during the fourth quarter worth about $8,978,000.

About SPDR S&P Homebuilders ETF

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.