Investors Buy Large Volume of Put Options on SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of some unusual options trading on Monday. Traders bought 45,987 put options on the company. This is an increase of approximately 655% compared to the typical volume of 6,087 put options.

SPDR S&P Metals & Mining ETF Trading Up 3.2 %

NYSEARCA XME traded up $1.93 during trading on Monday, hitting $62.18. 1,474,133 shares of the company’s stock were exchanged, compared to its average volume of 1,540,713. The stock’s 50 day moving average price is $60.18 and its two-hundred day moving average price is $61.55. SPDR S&P Metals & Mining ETF has a fifty-two week low of $53.38 and a fifty-two week high of $70.49. The company has a market cap of $2.10 billion, a PE ratio of 6.15 and a beta of 1.20.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Several large investors have recently bought and sold shares of the company. Global Trust Asset Management LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF in the third quarter valued at about $25,000. Independence Bank of Kentucky acquired a new stake in SPDR S&P Metals & Mining ETF during the 4th quarter valued at approximately $31,000. Spire Wealth Management raised its holdings in SPDR S&P Metals & Mining ETF by 35.4% during the 4th quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 248 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of SPDR S&P Metals & Mining ETF by 200.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 959 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 640 shares during the period. Finally, Continuum Advisory LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter valued at $55,000.

About SPDR S&P Metals & Mining ETF

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.