Stock Traders Buy High Volume of Put Options on SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) saw unusually large options trading on Wednesday. Stock investors acquired 25,001 put options on the company. This is an increase of 11,862% compared to the average volume of 209 put options.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tidal Investments LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 1,033.3% in the second quarter. Tidal Investments LLC now owns 10,517 shares of the company’s stock worth $2,985,000 after purchasing an additional 9,589 shares during the last quarter. Capital Analysts LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 45.2% during the second quarter. Capital Analysts LLC now owns 4,613 shares of the company’s stock valued at $1,309,000 after buying an additional 1,436 shares during the last quarter. Insight Wealth Partners LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 27.9% during the second quarter. Insight Wealth Partners LLC now owns 1,305 shares of the company’s stock worth $370,000 after buying an additional 285 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 3.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,397 shares of the company’s stock worth $680,000 after buying an additional 75 shares in the last quarter. Finally, NorthRock Partners LLC raised its position in SPDR S&P Aerospace & Defense ETF by 3.5% in the 2nd quarter. NorthRock Partners LLC now owns 5,064 shares of the company’s stock valued at $1,437,000 after buying an additional 172 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Down 0.5%

Shares of XAR traded down $1.20 during trading hours on Wednesday, reaching $240.31. The stock had a trading volume of 239,085 shares, compared to its average volume of 265,749. SPDR S&P Aerospace & Defense ETF has a 12 month low of $215.02 and a 12 month high of $297.79. The firm has a 50-day simple moving average of $265.08 and a 200 day simple moving average of $268.79. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 35.83 and a beta of 1.01.

SPDR S&P Aerospace & Defense ETF Company Profile

The SPDR S&P Aerospace & Defense ETF (XAR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of US aerospace & defense companies. XAR was launched on Sep 28, 2011 and is managed by State Street.