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

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

SPDR S&P Metals & Mining ETF Stock Performance

Shares of XME stock traded up $1.93 during trading hours on Monday, hitting $62.18. 1,474,133 shares of the company were exchanged, compared to its average volume of 1,540,713. The company has a 50 day simple moving average of $60.18 and a two-hundred day simple moving average of $61.55. The firm has a market cap of $2.10 billion, a P/E ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a fifty-two week low of $53.38 and a fifty-two week high of $70.49.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Institutional investors have recently made changes to their positions in the stock. Global Trust Asset Management LLC bought a new stake in SPDR S&P Metals & Mining ETF during the 3rd quarter valued at $25,000. Independence Bank of Kentucky acquired a new position in shares of SPDR S&P Metals & Mining ETF during the fourth quarter valued at about $31,000. Spire Wealth Management raised its holdings in shares of SPDR S&P Metals & Mining ETF by 35.4% in the 4th quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 248 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in SPDR S&P Metals & Mining ETF by 200.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 959 shares of the exchange traded fund’s stock valued at $54,000 after acquiring an additional 640 shares in the last quarter. Finally, Continuum Advisory LLC bought a new stake in SPDR S&P Metals & Mining ETF during the 3rd quarter worth approximately $55,000.

About SPDR S&P Metals & Mining ETF

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.