SPDR S&P Regional Banking ETF Target of Unusually Large Options Trading (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of unusually large options trading activity on Thursday. Traders bought 187,810 call options on the company. This is an increase of approximately 96% compared to the typical volume of 95,695 call options.

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

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

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock traded down $1.11 during mid-day trading on Thursday, hitting $75.07. The company’s stock had a trading volume of 11,608,926 shares, compared to its average volume of 17,361,234. SPDR S&P Regional Banking ETF has a 52-week low of $57.55 and a 52-week high of $76.84. The company has a market cap of $4.66 billion, a PE ratio of 12.39 and a beta of 0.84. The firm’s 50 day moving average is $70.54 and its 200 day moving average is $68.61.

About SPDR S&P Regional Banking ETF

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.