Traders Purchase Large Volume of SPDR S&P Homebuilders ETF Put Options (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 12,949 put options on the company. This is an increase of 84% compared to the average volume of 7,021 put options.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Institutional investors have recently modified their holdings of the business. Elevated Capital Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at about $28,000. Strive Financial Group LLC acquired a new position in SPDR S&P Homebuilders ETF in the 4th quarter worth about $31,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in SPDR S&P Homebuilders ETF during the fourth quarter worth approximately $32,000. Eastern Bank acquired a new stake in SPDR S&P Homebuilders ETF in the second quarter valued at approximately $35,000. Finally, Evolution Wealth Management Inc. acquired a new stake in SPDR S&P Homebuilders ETF in the first quarter valued at approximately $37,000.

SPDR S&P Homebuilders ETF Price Performance

XHB stock traded down $2.89 during midday trading on Wednesday, hitting $106.52. 1,836,460 shares of the stock traded hands, compared to its average volume of 2,606,464. SPDR S&P Homebuilders ETF has a 1-year low of $93.57 and a 1-year high of $123.13. The stock’s fifty day simple moving average is $105.72 and its 200-day simple moving average is $107.24. The firm has a market cap of $1.87 billion, a P/E ratio of 11.47 and a beta of 1.24.

SPDR S&P Homebuilders ETF Company Profile

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.