SPDR S&P Regional Banking ETF Sees Unusually High Options Volume (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of unusually large options trading on Monday. Traders bought 208,216 put options on the stock. This represents an increase of approximately 116% compared to the typical daily volume of 96,488 put options.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE traded down $3.28 during mid-day trading on Monday, reaching $68.62. The stock had a trading volume of 24,790,564 shares, compared to its average volume of 18,825,004. SPDR S&P Regional Banking ETF has a 52-week low of $47.06 and a 52-week high of $74.08. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The business’s fifty day moving average is $68.58 and its 200 day moving average is $64.82.

Institutional Trading of SPDR S&P Regional Banking ETF

Several institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of SPDR S&P Regional Banking ETF by 23.3% in the fourth quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock valued at $901,870,000 after buying an additional 2,630,511 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in SPDR S&P Regional Banking ETF by 6.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,964,000 shares of the exchange traded fund’s stock worth $580,957,000 after purchasing an additional 521,000 shares during the period. Two Sigma Investments LP lifted its position in shares of SPDR S&P Regional Banking ETF by 19.0% during the third quarter. Two Sigma Investments LP now owns 3,919,400 shares of the exchange traded fund’s stock worth $248,098,000 after purchasing an additional 626,836 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of SPDR S&P Regional Banking ETF by 9.3% in the third quarter. Bessemer Group Inc. now owns 2,187,419 shares of the exchange traded fund’s stock valued at $138,462,000 after purchasing an additional 185,920 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of SPDR S&P Regional Banking ETF in the third quarter valued at approximately $104,441,000.

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.