SPDR S&P Metals & Mining ETF Sees Unusually High Options Volume (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) saw some unusual options trading on Tuesday. Traders purchased 10,747 call options on the company. This represents an increase of approximately 70% compared to the typical volume of 6,329 call options.

Institutional Investors Weigh In On SPDR S&P Metals & Mining ETF

Several hedge funds have recently made changes to their positions in XME. CWM LLC lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 27.7% in the 3rd quarter. CWM LLC now owns 2,747 shares of the exchange traded fund’s stock worth $144,000 after buying an additional 596 shares during the period. AE Wealth Management LLC lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 12.1% in the 3rd quarter. AE Wealth Management LLC now owns 4,528 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 490 shares during the period. Brown Miller Wealth Management LLC lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 13.4% in the 3rd quarter. Brown Miller Wealth Management LLC now owns 8,511 shares of the exchange traded fund’s stock worth $446,000 after buying an additional 1,005 shares during the period. CX Institutional purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter worth $381,000. Finally, Family Firm Inc. lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 3.3% in the 3rd quarter. Family Firm Inc. now owns 22,644 shares of the exchange traded fund’s stock worth $1,189,000 after buying an additional 717 shares during the period.

SPDR S&P Metals & Mining ETF Stock Down 1.4 %

XME opened at $59.50 on Wednesday. The business has a fifty day moving average of $58.56 and a 200 day moving average of $55.98. SPDR S&P Metals & Mining ETF has a 52-week low of $44.17 and a 52-week high of $63.59. The stock has a market cap of $2.01 billion, a P/E ratio of 6.36 and a beta of 1.24.

About SPDR S&P Metals & Mining ETF

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.