Traders Buy High Volume of SPDR S&P Homebuilders ETF Call Options (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of some unusual options trading activity on Wednesday. Traders bought 7,833 call options on the company. This represents an increase of approximately 16% compared to the typical daily volume of 6,744 call options.

SPDR S&P Homebuilders ETF Stock Down 2.3%

Shares of XHB opened at $96.91 on Friday. SPDR S&P Homebuilders ETF has a twelve month low of $93.57 and a twelve month high of $123.13. The company has a market capitalization of $1.36 billion, a P/E ratio of 11.47 and a beta of 1.25. The firm has a 50 day moving average of $106.58 and a 200 day moving average of $105.50.

Institutional Trading of SPDR S&P Homebuilders ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in shares of SPDR S&P Homebuilders ETF by 24.0% during the first quarter. Jones Financial Companies Lllp now owns 6,638 shares of the exchange traded fund’s stock valued at $643,000 after purchasing an additional 1,283 shares in the last quarter. Focus Partners Wealth increased its holdings in SPDR S&P Homebuilders ETF by 190.6% in the 1st quarter. Focus Partners Wealth now owns 8,710 shares of the exchange traded fund’s stock worth $844,000 after buying an additional 5,713 shares in the last quarter. Raymond James Financial Inc. raised its position in SPDR S&P Homebuilders ETF by 116.3% in the 2nd quarter. Raymond James Financial Inc. now owns 227,098 shares of the exchange traded fund’s stock worth $22,385,000 after buying an additional 122,089 shares during the last quarter. BTG Pactual Asset Management US LLC purchased a new position in SPDR S&P Homebuilders ETF in the 2nd quarter worth about $106,000. Finally, Group One Trading LLC lifted its stake in SPDR S&P Homebuilders ETF by 239.4% during the 2nd quarter. Group One Trading LLC now owns 20,115 shares of the exchange traded fund’s stock valued at $1,983,000 after acquiring an additional 14,188 shares during the period.

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.