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

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 17,661 call options on the company. This represents an increase of 74% compared to the typical daily volume of 10,148 call options.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth $43,362,000. FIL Ltd increased its position in shares of SPDR S&P Homebuilders ETF by 8,832.7% during the fourth quarter. FIL Ltd now owns 343,819 shares of the exchange traded fund’s stock valued at $35,929,000 after acquiring an additional 339,970 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in SPDR S&P Homebuilders ETF by 66.5% in the 4th quarter. BNP Paribas Financial Markets now owns 760,136 shares of the exchange traded fund’s stock worth $79,434,000 after acquiring an additional 303,539 shares during the last quarter. Soros Fund Management LLC lifted its position in SPDR S&P Homebuilders ETF by 147.6% in the 4th quarter. Soros Fund Management LLC now owns 95,100 shares of the exchange traded fund’s stock valued at $9,938,000 after acquiring an additional 295,100 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth $9,959,000.

SPDR S&P Homebuilders ETF Stock Down 0.9 %

NYSEARCA:XHB opened at $102.37 on Thursday. The firm’s fifty day simple moving average is $106.41 and its 200 day simple moving average is $114.00. The stock has a market cap of $1.65 billion, a P/E ratio of 12.86 and a beta of 1.48. SPDR S&P Homebuilders ETF has a twelve month low of $97.40 and a twelve month high of $126.09.

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.