SPDR S&P Regional Banking ETF Target of Unusually High Options Trading (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of unusually large options trading activity on Tuesday. Traders bought 129,148 put options on the company. This is an increase of approximately 46% compared to the average daily volume of 88,509 put options.

Institutional Investors Weigh In On SPDR S&P Regional Banking ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRE. Aventura Private Wealth LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $26,000. Realta Investment Advisors bought a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $27,000. Grey Fox Wealth Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth $35,000. Accent Capital Management LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 100.0% during the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter valued at $39,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE traded up $1.20 during trading on Tuesday, hitting $71.24. The company’s stock had a trading volume of 32,805,714 shares, compared to its average volume of 17,575,064. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The company has a 50-day moving average of $66.56 and a 200-day moving average of $63.78. SPDR S&P Regional Banking ETF has a 12 month low of $47.06 and a 12 month high of $71.61.

About SPDR S&P Regional Banking ETF

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.