Traders Buy Large Volume of Put Options on State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM)

State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 9,970 put options on the stock. This represents an increase of 58% compared to the average daily volume of 6,316 put options.

State Street SPDR Portfolio S&P 500 ETF Trading Up 1.3%

Shares of State Street SPDR Portfolio S&P 500 ETF stock opened at $89.42 on Thursday. The firm’s 50-day moving average is $90.02 and its 200 day moving average is $86.03. State Street SPDR Portfolio S&P 500 ETF has a 1 year low of $74.06 and a 1 year high of $92.00.

Institutional Investors Weigh In On State Street SPDR Portfolio S&P 500 ETF

Institutional investors have recently made changes to their positions in the company. Ashurst Perkins Coie Trust Co bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter worth $26,000. Prudent Man Investment Management Inc. bought a new stake in State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter worth about $26,000. SYM FINANCIAL Corp bought a new stake in State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter worth about $27,000. Integrity Financial Corp WA purchased a new position in State Street SPDR Portfolio S&P 500 ETF in the 2nd quarter worth about $29,000. Finally, Highland Investment Advisors LLC purchased a new position in State Street SPDR Portfolio S&P 500 ETF in the 2nd quarter worth about $29,000.

About State Street SPDR Portfolio S&P 500 ETF

The Tradr 2X Long SPY Monthly ETF (SPYM) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, seeking to provide 2x the exposure to the monthly price return of the SPDR S&P 500 ETF (ticker: SPY-US) through swap agreements with major global financial institutions. SPYM was launched on Sep 3, 2024 and is issued by Tradr.