Investors Buy Large Volume of Call Options on SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of unusually large options trading on Wednesday. Investors bought 7,833 call options on the company. This represents an increase of approximately 16% compared to the average volume of 6,744 call options.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Hedge funds have recently modified their holdings of the company. Strive Financial Group LLC purchased a new position in SPDR S&P Homebuilders ETF during the fourth quarter worth about $31,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at approximately $32,000. Eastern Bank purchased a new stake in shares of SPDR S&P Homebuilders ETF in the 2nd quarter valued at approximately $35,000. Evolution Wealth Management Inc. acquired a new stake in shares of SPDR S&P Homebuilders ETF during the 1st quarter worth approximately $37,000. Finally, Financial Life Planners acquired a new stake in shares of SPDR S&P Homebuilders ETF during the 1st quarter worth approximately $43,000.

SPDR S&P Homebuilders ETF Trading Down 1.4%

NYSEARCA:XHB traded down $1.44 during trading hours on Wednesday, hitting $99.31. The company had a trading volume of 784,947 shares, compared to its average volume of 2,418,526. SPDR S&P Homebuilders ETF has a 1 year low of $93.57 and a 1 year high of $123.13. The company has a market cap of $1.40 billion, a P/E ratio of 11.47 and a beta of 1.25. The company has a 50-day moving average of $107.16 and a 200 day moving average of $105.78.

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.