Investors Purchase Large Volume of Put Options on SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XMEGet Free Report) saw some unusual options trading activity on Wednesday. Stock traders purchased 23,384 put options on the company. This represents an increase of 165% compared to the typical daily volume of 8,816 put options.

SPDR S&P Metals & Mining ETF Trading Down 1.5%

Shares of NYSEARCA XME traded down $1.53 during midday trading on Wednesday, reaching $103.21. 2,679,924 shares of the stock were exchanged, compared to its average volume of 1,982,079. The stock has a 50 day moving average price of $97.81 and a 200-day moving average price of $87.42. The company has a market capitalization of $3.26 billion, a P/E ratio of 21.07 and a beta of 1.28. SPDR S&P Metals & Mining ETF has a 52-week low of $45.89 and a 52-week high of $111.09.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Several institutional investors and hedge funds have recently bought and sold shares of XME. MGO One Seven LLC grew its position in SPDR S&P Metals & Mining ETF by 1.9% during the third quarter. MGO One Seven LLC now owns 6,363 shares of the exchange traded fund’s stock valued at $593,000 after acquiring an additional 118 shares during the period. Assetmark Inc. increased its position in shares of SPDR S&P Metals & Mining ETF by 33.0% in the third quarter. Assetmark Inc. now owns 572 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 142 shares in the last quarter. BOS Asset Management LLC increased its position in shares of SPDR S&P Metals & Mining ETF by 0.9% in the second quarter. BOS Asset Management LLC now owns 16,414 shares of the exchange traded fund’s stock worth $1,103,000 after acquiring an additional 149 shares in the last quarter. RPg Family Wealth Advisory LLC raised its stake in shares of SPDR S&P Metals & Mining ETF by 1.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 12,699 shares of the exchange traded fund’s stock valued at $854,000 after acquiring an additional 171 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 2.8% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,351 shares of the exchange traded fund’s stock valued at $685,000 after acquiring an additional 197 shares in the last quarter. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Company Profile

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