Traders Buy High Volume of SPDR S&P Metals & Mining ETF Put Options (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of unusually large options trading activity on Thursday. Investors purchased 68,357 put options on the company. This is an increase of approximately 935% compared to the typical daily volume of 6,603 put options.

SPDR S&P Metals & Mining ETF Price Performance

Shares of NYSEARCA:XME opened at $68.48 on Friday. The company has a market cap of $2.31 billion, a PE ratio of 6.15 and a beta of 1.20. The stock’s 50-day moving average is $64.15 and its 200 day moving average is $61.71. SPDR S&P Metals & Mining ETF has a 1 year low of $52.31 and a 1 year high of $70.49.

Institutional Trading of SPDR S&P Metals & Mining ETF

Large investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter valued at approximately $133,812,000. PointState Capital LP purchased a new position in SPDR S&P Metals & Mining ETF during the third quarter valued at $39,522,000. Meitav Investment House Ltd. boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 78.0% during the 2nd quarter. Meitav Investment House Ltd. now owns 1,026,759 shares of the exchange traded fund’s stock valued at $60,902,000 after buying an additional 450,000 shares in the last quarter. Mirae Asset Securities USA Inc. bought a new stake in shares of SPDR S&P Metals & Mining ETF during the 2nd quarter valued at $14,832,000. Finally, Raymond James & Associates grew its position in shares of SPDR S&P Metals & Mining ETF by 274.5% in the 3rd quarter. Raymond James & Associates now owns 305,812 shares of the exchange traded fund’s stock worth $19,486,000 after buying an additional 224,151 shares during the period.

SPDR S&P Metals & Mining ETF Company Profile

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.