Investors Purchase Large Volume of Call Options on SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 17,661 call options on the company. This represents an increase of 74% compared to the typical daily volume of 10,148 call options.

SPDR S&P Homebuilders ETF Price Performance

NYSEARCA XHB opened at $103.34 on Wednesday. The company has a fifty day moving average of $106.50 and a two-hundred day moving average of $114.08. SPDR S&P Homebuilders ETF has a 1 year low of $97.40 and a 1 year high of $126.09. The company has a market capitalization of $1.66 billion, a PE ratio of 12.86 and a beta of 1.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. American Financial Advisors LLC grew its holdings in shares of SPDR S&P Homebuilders ETF by 3.6% during the third quarter. American Financial Advisors LLC now owns 2,531 shares of the exchange traded fund’s stock worth $315,000 after buying an additional 89 shares during the last quarter. Allworth Financial LP grew its holdings in SPDR S&P Homebuilders ETF by 10.9% during the third quarter. Allworth Financial LP now owns 1,018 shares of the exchange traded fund’s stock worth $127,000 after acquiring an additional 100 shares during the period. Concourse Financial Group Securities Inc. boosted its position in shares of SPDR S&P Homebuilders ETF by 50.0% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 300 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Pinnacle Financial Partners Inc grew its stake in shares of SPDR S&P Homebuilders ETF by 1.0% during the 4th quarter. Pinnacle Financial Partners Inc now owns 10,311 shares of the exchange traded fund’s stock worth $1,078,000 after purchasing an additional 103 shares during the period. Finally, Great Valley Advisor Group Inc. increased its holdings in shares of SPDR S&P Homebuilders ETF by 6.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,618 shares of the exchange traded fund’s stock valued at $326,000 after purchasing an additional 169 shares in the last quarter.

About SPDR S&P Homebuilders ETF

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.