SPDR S&P Metals & Mining ETF Sees Unusually Large Options Volume (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the recipient of unusually large options trading on Thursday. Traders purchased 68,357 put options on the stock. This is an increase of approximately 935% compared to the average daily volume of 6,603 put options.

SPDR S&P Metals & Mining ETF Stock Up 2.0 %

NYSEARCA:XME opened at $68.48 on Friday. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20. The company’s 50 day moving average price is $64.15 and its 200-day moving average price is $61.71. SPDR S&P Metals & Mining ETF has a 52 week low of $52.31 and a 52 week high of $70.49.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 3.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 5,955 shares of the exchange traded fund’s stock valued at $359,000 after purchasing an additional 198 shares in the last quarter. MML Investors Services LLC raised its position in SPDR S&P Metals & Mining ETF by 3.1% in the 3rd quarter. MML Investors Services LLC now owns 7,996 shares of the exchange traded fund’s stock worth $509,000 after buying an additional 238 shares during the last quarter. E&G Advisors LP lifted its stake in SPDR S&P Metals & Mining ETF by 2.4% during the 2nd quarter. E&G Advisors LP now owns 10,116 shares of the exchange traded fund’s stock valued at $600,000 after acquiring an additional 240 shares during the period. Founders Financial Alliance LLC boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 1.8% during the 2nd quarter. Founders Financial Alliance LLC now owns 14,319 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 259 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of SPDR S&P Metals & Mining ETF by 5.9% in the third quarter. Farther Finance Advisors LLC now owns 5,253 shares of the exchange traded fund’s stock worth $335,000 after acquiring an additional 295 shares during the period.

About SPDR S&P Metals & Mining ETF

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.