Investors Purchase Large Volume of Put Options on State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM)

State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYMGet Free Report) saw some unusual options trading activity on Tuesday. Traders acquired 3,895 put options on the company. This is an increase of 73% compared to the typical volume of 2,257 put options.

State Street SPDR Portfolio S&P 500 ETF Stock Up 0.2%

Shares of NYSEARCA SPYM traded up $0.20 during midday trading on Tuesday, reaching $90.08. 1,852,731 shares of the company’s stock were exchanged, compared to its average volume of 13,333,730. The business’s fifty day moving average price is $88.52 and its two-hundred day moving average price is $84.61. State Street SPDR Portfolio S&P 500 ETF has a 52-week low of $74.06 and a 52-week high of $91.74.

Hedge Funds Weigh In On State Street SPDR Portfolio S&P 500 ETF

Hedge funds have recently added to or reduced their stakes in the business. VSM Wealth Advisory LLC acquired a new position in State Street SPDR Portfolio S&P 500 ETF in the fourth quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF during the first quarter valued at about $29,000. Compass Financial Management LLC acquired a new stake in State Street SPDR Portfolio S&P 500 ETF in the second quarter worth about $29,000. Integrity Financial Corp WA bought a new stake in State Street SPDR Portfolio S&P 500 ETF during the second quarter worth approximately $29,000. Finally, Highland Investment Advisors LLC acquired a new stake in State Street SPDR Portfolio S&P 500 ETF in the second quarter worth approximately $29,000.

About State Street SPDR Portfolio S&P 500 ETF

(Get Free Report)

The Tradr 2X Long SPY Monthly ETF (SPYM) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, seeking to provide 2x the exposure to the monthly price return of the SPDR S&P 500 ETF (ticker: SPY-US) through swap agreements with major global financial institutions. SPYM was launched on Sep 3, 2024 and is issued by Tradr.

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