Traders Purchase Large Volume of Put Options on SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of some unusual options trading activity on Monday. Investors bought 140,874 put options on the company. This represents an increase of approximately 48% compared to the average volume of 95,162 put options.

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock traded down $0.63 during trading hours on Monday, hitting $74.54. The company had a trading volume of 14,258,947 shares, compared to its average volume of 17,461,801. The firm has a 50-day moving average of $70.22 and a 200 day moving average of $68.43. The firm has a market cap of $4.48 billion, a PE ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a one year low of $57.55 and a one year high of $75.31.

Institutional Trading of SPDR S&P Regional Banking ETF

Several hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners bought a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at $25,000. Aventura Private Wealth LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $26,000. Accent Capital Management LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 100.0% in the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 300 shares during the period. MWA Asset Management bought a new stake in shares of SPDR S&P Regional Banking ETF in the first quarter valued at about $46,000. Finally, UMB Bank n.a. acquired a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $52,000.

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.