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

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of some unusual options trading on Friday. Investors acquired 22,104 put options on the stock. This represents an increase of approximately 115% compared to the average daily volume of 10,270 put options.

SPDR S&P Homebuilders ETF Stock Performance

NYSEARCA:XHB traded up $0.61 during midday trading on Friday, reaching $101.33. 1,657,586 shares of the stock traded hands, compared to its average volume of 2,261,004. The stock has a market capitalization of $1.63 billion, a P/E ratio of 12.86 and a beta of 1.48. The company has a fifty day moving average of $106.33 and a 200 day moving average of $113.91. SPDR S&P Homebuilders ETF has a 12 month low of $97.40 and a 12 month high of $126.09.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Howe & Rusling Inc. bought a new position in SPDR S&P Homebuilders ETF during the 3rd quarter valued at approximately $28,000. Concourse Financial Group Securities Inc. increased its position in SPDR S&P Homebuilders ETF by 50.0% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 300 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Financial Life Planners bought a new position in SPDR S&P Homebuilders ETF in the 4th quarter worth $45,000. Larson Financial Group LLC boosted its stake in shares of SPDR S&P Homebuilders ETF by 1,873.9% during the 4th quarter. Larson Financial Group LLC now owns 454 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 431 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new position in SPDR S&P Homebuilders ETF in the fourth quarter worth about $52,000.

About SPDR S&P Homebuilders ETF

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.