Traders Purchase Large Volume of Put Options on SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 18,257 put options on the company. This is an increase of 140% compared to the average daily volume of 7,619 put options.

SPDR S&P Homebuilders ETF Trading Down 0.2%

NYSEARCA XHB opened at $104.52 on Friday. SPDR S&P Homebuilders ETF has a 12 month low of $93.57 and a 12 month high of $123.13. The stock has a market cap of $1.63 billion, a PE ratio of 11.47 and a beta of 1.24. The company’s 50-day moving average price is $107.75 and its 200-day moving average price is $107.51.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

A number of large investors have recently made changes to their positions in XHB. Goldman Sachs Group Inc. increased its position in SPDR S&P Homebuilders ETF by 0.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,358,013 shares of the exchange traded fund’s stock valued at $242,781,000 after buying an additional 12,654 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in SPDR S&P Homebuilders ETF in the second quarter worth about $66,305,000. Passaic Partners LLC boosted its holdings in SPDR S&P Homebuilders ETF by 74.4% in the fourth quarter. Passaic Partners LLC now owns 288,379 shares of the exchange traded fund’s stock worth $29,692,000 after acquiring an additional 123,065 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of SPDR S&P Homebuilders ETF by 5.2% during the third quarter. Raymond James Financial Inc. now owns 238,919 shares of the exchange traded fund’s stock worth $26,472,000 after acquiring an additional 11,821 shares during the last quarter. Finally, Soros Fund Management LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter worth about $20,858,000.

SPDR S&P Homebuilders ETF Company Profile

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.