Traders Buy High Volume of Call Options on SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ)

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) was the recipient of some unusual options trading on Wednesday. Stock investors bought 24,012 call options on the stock. This is an increase of 1,014% compared to the average daily volume of 2,155 call options.

Hedge Funds Weigh In On SPDR EURO STOXX 50 ETF

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in SPDR EURO STOXX 50 ETF by 39.1% in the first quarter. NewEdge Advisors LLC now owns 5,906 shares of the exchange traded fund’s stock worth $321,000 after acquiring an additional 1,659 shares in the last quarter. Empowered Funds LLC bought a new position in shares of SPDR EURO STOXX 50 ETF in the first quarter worth approximately $3,006,000. Janney Montgomery Scott LLC lifted its position in SPDR EURO STOXX 50 ETF by 626.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 45,189 shares of the exchange traded fund’s stock valued at $2,699,000 after acquiring an additional 38,967 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in SPDR EURO STOXX 50 ETF by 32.7% in the 2nd quarter. Belpointe Asset Management LLC now owns 49,263 shares of the exchange traded fund’s stock worth $2,942,000 after purchasing an additional 12,148 shares during the period. Finally, Joel Isaacson & Co. LLC purchased a new stake in SPDR EURO STOXX 50 ETF in the 2nd quarter worth $260,000.

SPDR EURO STOXX 50 ETF Stock Performance

Shares of FEZ stock traded down $0.23 during midday trading on Wednesday, hitting $66.86. 481,364 shares of the company were exchanged, compared to its average volume of 2,217,779. SPDR EURO STOXX 50 ETF has a 52 week low of $47.63 and a 52 week high of $68.55. The firm’s 50 day moving average price is $65.22 and its two-hundred day moving average price is $62.58. The firm has a market capitalization of $5.34 billion, a P/E ratio of 16.43 and a beta of 1.06.

SPDR EURO STOXX 50 ETF Company Profile

SPDR EURO STOXX 50 ETF (the Fund) seeks to replicate as closely as possible the price and yield of the EURO STOXX 50 Index (the Index). The Index is designed to represent the performance of some of the companies across components of the 20 EURO STOXX Supersector Indexes. The EURO STOXX Supersector Indexes are subsets of the EURO STOXX Index. The EURO STOXX Index is a broad liquid subset of the STOXX Europe 600 Index. The Index captures approximately 60% of the free-float market capitalization of the EURO STOXX Total Market Index, which in turn covers approximately 95% of the free float market capitalization of the represented countries.