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

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) saw unusually large options trading activity on Thursday. Traders acquired 18,257 put options on the company. This represents an increase of 140% compared to the average daily volume of 7,619 put options.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Palumbo Wealth Management LLC acquired a new position in SPDR S&P Homebuilders ETF in the 4th quarter valued at $2,851,000. Zweig DiMenna Associates LLC boosted its stake in 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 last quarter. Gerald Baker Financial Group LLC acquired a new stake in SPDR S&P Homebuilders ETF during the 1st quarter worth $1,789,000. WMG Financial Advisors LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter worth $680,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter worth $1,408,000.

SPDR S&P Homebuilders ETF Trading Down 0.8%

Shares of SPDR S&P Homebuilders ETF stock opened at $103.69 on Friday. SPDR S&P Homebuilders ETF has a twelve month low of $93.57 and a twelve month high of $123.13. The firm has a market capitalization of $1.62 billion, a PE ratio of 11.47 and a beta of 1.24. The firm’s 50-day moving average price is $107.83 and its 200 day moving average price is $107.48.

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.