Investors Buy Large Volume of Call Options on SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the target of some unusual options trading on Tuesday. Investors bought 18,688 call options on the stock. This represents an increase of 110% compared to the average volume of 8,898 call options.

SPDR S&P Homebuilders ETF Trading Up 0.9%

NYSEARCA:XHB traded up $1.06 on Tuesday, reaching $117.53. 1,208,914 shares of the stock traded hands, compared to its average volume of 2,887,854. SPDR S&P Homebuilders ETF has a 1-year low of $84.48 and a 1-year high of $123.13. The company’s 50 day moving average is $111.44 and its 200-day moving average is $110.19. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 11.47 and a beta of 1.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of XHB. Goldman Sachs Group Inc. increased its stake in SPDR S&P Homebuilders ETF by 0.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,358,013 shares of the exchange traded fund’s stock valued at $242,781,000 after purchasing an additional 12,654 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in SPDR S&P Homebuilders ETF in the second quarter worth approximately $118,481,000. Barclays PLC grew its stake in SPDR S&P Homebuilders ETF by 933.7% in the third quarter. Barclays PLC now owns 871,789 shares of the exchange traded fund’s stock valued at $96,594,000 after acquiring an additional 787,454 shares during the period. BNP Paribas Financial Markets raised its position in shares of SPDR S&P Homebuilders ETF by 529.7% during the third quarter. BNP Paribas Financial Markets now owns 720,762 shares of the exchange traded fund’s stock worth $79,860,000 after purchasing an additional 606,305 shares during the period. Finally, Mirae Asset Securities USA Inc. lifted its holdings in shares of SPDR S&P Homebuilders ETF by 100.0% in the 2nd quarter. Mirae Asset Securities USA Inc. now owns 500,000 shares of the exchange traded fund’s stock worth $49,285,000 after purchasing an additional 250,000 shares in the last quarter.

About SPDR S&P Homebuilders ETF

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.