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

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of unusually large options trading on Wednesday. Stock investors acquired 23,384 put options on the company. This represents an increase of approximately 165% compared to the typical daily volume of 8,816 put options.

Institutional Investors Weigh In On SPDR S&P Metals & Mining ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp purchased a new position in SPDR S&P Metals & Mining ETF in the 1st quarter worth $593,000. Integrated Wealth Concepts LLC increased its holdings in shares of SPDR S&P Metals & Mining ETF by 2.1% in the first quarter. Integrated Wealth Concepts LLC now owns 11,741 shares of the exchange traded fund’s stock valued at $657,000 after purchasing an additional 246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of SPDR S&P Metals & Mining ETF in the first quarter worth about $8,260,000. Focus Partners Wealth lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 60.3% during the first quarter. Focus Partners Wealth now owns 9,056 shares of the exchange traded fund’s stock worth $507,000 after purchasing an additional 3,407 shares during the period. Finally, Modern Wealth Management LLC lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 2.3% during the first quarter. Modern Wealth Management LLC now owns 10,479 shares of the exchange traded fund’s stock worth $587,000 after purchasing an additional 238 shares during the period. 86.55% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Metals & Mining ETF Stock Down 1.1%

Shares of SPDR S&P Metals & Mining ETF stock opened at $103.61 on Friday. The company has a 50 day moving average price of $98.03 and a 200 day moving average price of $87.64. The firm has a market capitalization of $3.27 billion, a P/E ratio of 21.07 and a beta of 1.28. SPDR S&P Metals & Mining ETF has a 52 week low of $45.89 and a 52 week high of $111.09.

SPDR S&P Metals & Mining ETF Company Profile