SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Stock Sees Heavy Call Option Buying

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 9,707 call options on the stock. This is an increase of 55% compared to the average daily volume of 6,251 call options.

SPDR S&P Homebuilders ETF Price Performance

XHB traded down $2.41 during trading on Wednesday, reaching $92.22. 1,076,383 shares of the stock were exchanged, compared to its average volume of 2,359,858. The business’s 50 day moving average price is $101.46 and its two-hundred day moving average price is $103.99. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 11.47 and a beta of 1.25. SPDR S&P Homebuilders ETF has a 1 year low of $92.14 and a 1 year high of $123.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Annex Advisory Services LLC purchased a new position in SPDR S&P Homebuilders ETF during the 2nd quarter valued at about $66,305,000. Passaic Partners LLC lifted its holdings in shares of SPDR S&P Homebuilders ETF by 89.6% in the second quarter. Passaic Partners LLC now owns 166,897 shares of the exchange traded fund’s stock valued at $19,287,000 after purchasing an additional 78,852 shares in the last quarter. Greenland Capital Management LP acquired a new stake in shares of SPDR S&P Homebuilders ETF in the second quarter valued at approximately $17,334,000. Concentric Capital Strategies LP acquired a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at approximately $10,308,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at approximately $8,978,000.

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.