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

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) saw unusually large options trading activity on Monday. Investors purchased 45,987 put options on the company. This represents an increase of approximately 655% compared to the average daily volume of 6,087 put options.

Institutional Trading of SPDR S&P Metals & Mining ETF

A number of hedge funds have recently made changes to their positions in XME. Clal Insurance Enterprises Holdings Ltd acquired a new position in SPDR S&P Metals & Mining ETF during the 3rd quarter valued at approximately $133,812,000. PointState Capital LP acquired a new stake in shares of SPDR S&P Metals & Mining ETF in the third quarter valued at approximately $39,522,000. Raymond James Financial Inc. bought a new position in SPDR S&P Metals & Mining ETF in the 4th quarter worth approximately $20,983,000. Raymond James & Associates increased its position in 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 valued at $19,486,000 after acquiring an additional 224,151 shares during the period. Finally, Financial Advocates Investment Management bought a new stake in SPDR S&P Metals & Mining ETF during the 3rd quarter valued at $12,677,000.

SPDR S&P Metals & Mining ETF Trading Up 3.8 %

Shares of XME stock opened at $62.54 on Tuesday. The company’s fifty day simple moving average is $60.07 and its 200-day simple moving average is $61.55. SPDR S&P Metals & Mining ETF has a 52 week low of $53.38 and a 52 week high of $70.49. The company has a market cap of $2.11 billion, a PE ratio of 6.15 and a beta of 1.20.

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.