State Street SPDR Portfolio S&P 500 ETF Sees Unusually High Options Volume (NYSEARCA:SPYM)

State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) saw unusually large options trading activity on Tuesday. Traders acquired 21,328 put options on the company. This is an increase of approximately 426% compared to the average volume of 4,051 put options.

Institutional Investors Weigh In On State Street SPDR Portfolio S&P 500 ETF

A number of institutional investors have recently added to or reduced their stakes in SPYM. Allianz Asset Management GmbH raised its holdings in State Street SPDR Portfolio S&P 500 ETF by 133.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 46,223,571 shares of the company’s stock valued at $4,062,127,000 after acquiring an additional 26,382,568 shares in the last quarter. Vertex Investment Solutions Co. Ltd. bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 2nd quarter worth approximately $2,077,794,000. Envestnet Asset Management Inc. grew its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 12.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,699,990 shares of the company’s stock worth $1,994,877,000 after purchasing an additional 2,438,519 shares in the last quarter. Gradient Investments LLC acquired a new stake in shares of State Street SPDR Portfolio S&P 500 ETF during the 3rd quarter worth approximately $407,101,000. Finally, NorthRock Partners LLC increased its position in shares of State Street SPDR Portfolio S&P 500 ETF by 11.2% during the second quarter. NorthRock Partners LLC now owns 4,629,596 shares of the company’s stock valued at $406,849,000 after purchasing an additional 465,087 shares during the period.

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

Shares of SPYM traded up $0.15 during mid-day trading on Tuesday, reaching $90.38. The company had a trading volume of 5,075,448 shares, compared to its average volume of 13,512,040. The firm has a fifty day simple moving average of $90.41 and a 200-day simple moving average of $87.69. State Street SPDR Portfolio S&P 500 ETF has a fifty-two week low of $74.06 and a fifty-two week high of $92.00.

State Street SPDR Portfolio S&P 500 ETF Company Profile

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.