Investors Purchase Large Volume of Put Options on SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA)

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) was the target of some unusual options trading activity on Tuesday. Stock traders bought 73,260 put options on the stock. This is an increase of 30% compared to the average daily volume of 56,192 put options.

SPDR Dow Jones Industrial Average ETF Trust Stock Up 0.3 %

Shares of DIA stock opened at $448.88 on Wednesday. SPDR Dow Jones Industrial Average ETF Trust has a 12-month low of $352.78 and a 12-month high of $449.33. The business’s fifty day simple moving average is $428.25 and its 200-day simple moving average is $409.29.

Hedge Funds Weigh In On SPDR Dow Jones Industrial Average ETF Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. LRI Investments LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the first quarter worth $25,000. Ridgewood Investments LLC acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter worth about $26,000. Lynx Investment Advisory purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at about $33,000. Bull Oak Capital LLC acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the third quarter valued at about $33,000. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the second quarter worth about $35,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Company Profile

SPDR Dow Jones Industrial Average ETF Trust (the Trust) is a unit investment, which issues securities called trust units or units. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yields performance of the Dow Jones Industrial Average. The Dow Jones Industrial Average is an Index of 30 blue chip United States stocks.