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 some unusual options trading on Monday. Stock traders purchased 140,874 put options on the stock. This is an increase of approximately 48% compared to the typical volume of 95,162 put options.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRE. Cresset Asset Management LLC purchased a new position in SPDR S&P Regional Banking ETF during the second quarter valued at approximately $343,000. Cerity Partners LLC raised its position in shares of SPDR S&P Regional Banking ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock valued at $4,413,000 after purchasing an additional 505 shares during the period. Engineers Gate Manager LP bought a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at $2,058,000. HRT Financial LP purchased a new position in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at $2,900,000. Finally, Man Group plc lifted its stake in shares of SPDR S&P Regional Banking ETF by 607.1% during the 2nd quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock valued at $2,891,000 after buying an additional 58,281 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Up 0.2%

Shares of KRE opened at $74.98 on Wednesday. The business has a 50-day simple moving average of $70.42 and a two-hundred day simple moving average of $68.55. SPDR S&P Regional Banking ETF has a 52 week low of $57.55 and a 52 week high of $75.31. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84.

SPDR S&P Regional Banking ETF Company Profile

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.