Investors Purchase High Volume of SPDR S&P Bank ETF Put Options (NYSEARCA:KBE)

SPDR S&P Bank ETF (NYSEARCA:KBE) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 60,144 put options on the stock. This is an increase of 27,238% compared to the typical volume of 220 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Bank ETF in the 3rd quarter valued at about $53,000. BigSur Wealth Management LLC purchased a new stake in SPDR S&P Bank ETF during the third quarter worth approximately $122,000. Courier Capital LLC acquired a new position in SPDR S&P Bank ETF in the third quarter valued at approximately $1,594,000. Accel Wealth Management acquired a new position in SPDR S&P Bank ETF in the third quarter valued at approximately $272,000. Finally, Armstrong Advisory Group Inc. purchased a new position in SPDR S&P Bank ETF in the third quarter valued at approximately $59,000.

SPDR S&P Bank ETF Trading Down 1.1%

Shares of KBE stock traded down $0.70 on Wednesday, reaching $62.24. 2,402,295 shares of the stock were exchanged, compared to its average volume of 1,971,084. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92. The business’s 50 day moving average price is $67.30 and its 200 day moving average price is $65.98. SPDR S&P Bank ETF has a twelve month low of $54.64 and a twelve month high of $71.92.

SPDR S&P Bank ETF Company Profile

SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).