Investors Purchase Large Volume of Call Options on SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw some unusual options trading on Wednesday. Traders bought 174,297 call options on the stock. This represents an increase of approximately 64% compared to the typical volume of 106,580 call options.

Hedge Funds Weigh In On SPDR S&P Regional Banking ETF

Hedge funds have recently made changes to their positions in the business. Morgan Stanley boosted its holdings in SPDR S&P Regional Banking ETF by 23.3% in the 4th quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock worth $901,870,000 after acquiring an additional 2,630,511 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $104,441,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at approximately $83,392,000. MKP Capital Management L.L.C. acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $48,329,000. Finally, Jump Financial LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $46,715,000.

SPDR S&P Regional Banking ETF Stock Down 1.5%

Shares of NYSEARCA KRE traded down $1.00 during midday trading on Wednesday, hitting $67.23. The stock had a trading volume of 12,886,275 shares, compared to its average volume of 18,069,793. SPDR S&P Regional Banking ETF has a 1-year low of $55.37 and a 1-year high of $74.08. The company has a fifty day moving average price of $67.00 and a 200 day moving average price of $66.34. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 12.39 and a beta of 0.86.

SPDR S&P Regional Banking ETF Company Profile

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.