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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of some unusual options trading on Wednesday. Stock traders bought 203,573 call options on the company. This represents an increase of approximately 168% compared to the typical daily volume of 76,042 call options.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE traded down $0.25 during mid-day trading on Wednesday, reaching $77.59. 6,009,123 shares of the company were exchanged, compared to its average volume of 16,682,475. SPDR S&P Regional Banking ETF has a 52 week low of $57.55 and a 52 week high of $78.35. The stock has a market capitalization of $4.72 billion, a PE ratio of 12.39 and a beta of 0.84. The business has a 50 day simple moving average of $73.71 and a two-hundred day simple moving average of $70.15.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. MGO One Seven LLC increased its position in shares of SPDR S&P Regional Banking ETF by 4.3% during the fourth quarter. MGO One Seven LLC now owns 3,771 shares of the exchange traded fund’s stock worth $244,000 after buying an additional 156 shares during the period. Apollon Wealth Management LLC lifted its holdings in SPDR S&P Regional Banking ETF by 3.8% in the fourth quarter. Apollon Wealth Management LLC now owns 4,842 shares of the exchange traded fund’s stock valued at $314,000 after buying an additional 178 shares during the period. IFG Advisory LLC boosted its position in SPDR S&P Regional Banking ETF by 2.3% during the fourth quarter. IFG Advisory LLC now owns 8,581 shares of the exchange traded fund’s stock valued at $556,000 after acquiring an additional 189 shares during the last quarter. Evansbrook LLC boosted its position in SPDR S&P Regional Banking ETF by 3.9% during the first quarter. Evansbrook LLC now owns 5,290 shares of the exchange traded fund’s stock valued at $345,000 after acquiring an additional 200 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp grew its holdings in SPDR S&P Regional Banking ETF by 20.6% during the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 1,206 shares of the exchange traded fund’s stock worth $90,000 after acquiring an additional 206 shares during the period.

SPDR S&P Regional Banking ETF Company Profile

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.