Investors Purchase High Volume of Put Options on SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) saw unusually large options trading activity on Monday. Stock traders bought 84,513 put options on the stock. This represents an increase of approximately 297% compared to the average daily volume of 21,309 put options.

Institutional Trading of SPDR S&P Oil & Gas Exploration & Production ETF

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 17.2% in the third quarter. JPMorgan Chase & Co. now owns 719,268 shares of the company’s stock valued at $94,598,000 after purchasing an additional 105,387 shares during the period. Toronto Dominion Bank increased its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 24.0% in the third quarter. Toronto Dominion Bank now owns 366,925 shares of the company’s stock valued at $48,258,000 after buying an additional 71,116 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter valued at approximately $8,732,000. Marshall Wace LLP boosted its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 489.6% during the 4th quarter. Marshall Wace LLP now owns 39,500 shares of the company’s stock worth $5,229,000 after acquiring an additional 32,800 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth approximately $3,456,000.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 0.6 %

Shares of NYSEARCA:XOP opened at $123.87 on Wednesday. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $120.40 and a 52 week high of $162.49. The company has a 50-day moving average price of $136.39 and a 200 day moving average price of $136.29. The company has a market cap of $1.98 billion, a P/E ratio of 9.54 and a beta of 1.69.

SPDR S&P Oil & Gas Exploration & Production ETF Company Profile

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.