Investors Buy Large Volume of SPDR S&P Homebuilders ETF Put Options (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) saw unusually large options trading activity on Friday. Stock investors bought 22,104 put options on the company. This is an increase of approximately 115% compared to the average daily volume of 10,270 put options.

SPDR S&P Homebuilders ETF Stock Performance

SPDR S&P Homebuilders ETF stock opened at $101.39 on Friday. SPDR S&P Homebuilders ETF has a one year low of $97.40 and a one year high of $126.09. The stock has a market cap of $1.63 billion, a PE ratio of 12.86 and a beta of 1.48. The stock has a 50-day moving average of $106.33 and a two-hundred day moving average of $113.91.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC acquired a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth about $502,000. Rockefeller Capital Management L.P. raised its holdings in SPDR S&P Homebuilders ETF by 13.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,886 shares of the exchange traded fund’s stock worth $3,972,000 after purchasing an additional 3,867 shares during the period. Janney Montgomery Scott LLC boosted its position in SPDR S&P Homebuilders ETF by 5.5% during the third quarter. Janney Montgomery Scott LLC now owns 8,324 shares of the exchange traded fund’s stock worth $1,037,000 after purchasing an additional 431 shares in the last quarter. HB Wealth Management LLC grew its holdings in SPDR S&P Homebuilders ETF by 21.7% in the fourth quarter. HB Wealth Management LLC now owns 4,484 shares of the exchange traded fund’s stock valued at $469,000 after purchasing an additional 800 shares during the period. Finally, Allworth Financial LP increased its position in shares of SPDR S&P Homebuilders ETF by 13.8% in the fourth quarter. Allworth Financial LP now owns 1,158 shares of the exchange traded fund’s stock valued at $129,000 after buying an additional 140 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.