Traders Buy Large Volume of Call Options on SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 10,747 call options on the company. This is an increase of 70% compared to the typical volume of 6,329 call options.

SPDR S&P Metals & Mining ETF Trading Down 0.3 %

Shares of NYSEARCA:XME opened at $59.33 on Thursday. The business has a 50-day moving average price of $58.66 and a 200 day moving average price of $56.04. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 6.36 and a beta of 1.24. SPDR S&P Metals & Mining ETF has a 12-month low of $44.17 and a 12-month high of $63.59.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of XME. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of SPDR S&P Metals & Mining ETF by 3.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 975,500 shares of the exchange traded fund’s stock valued at $51,214,000 after buying an additional 30,000 shares during the period. LPL Financial LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 5.7% in the 3rd quarter. LPL Financial LLC now owns 510,922 shares of the exchange traded fund’s stock valued at $26,823,000 after buying an additional 27,440 shares during the period. SCS Capital Management LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 0.9% in the 3rd quarter. SCS Capital Management LLC now owns 448,258 shares of the exchange traded fund’s stock valued at $23,534,000 after buying an additional 3,836 shares during the period. Affinity Wealth Management LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 10.6% in the 4th quarter. Affinity Wealth Management LLC now owns 434,683 shares of the exchange traded fund’s stock valued at $26,007,000 after buying an additional 41,646 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 23.6% in the 3rd quarter. HighTower Advisors LLC now owns 396,774 shares of the exchange traded fund’s stock valued at $20,825,000 after buying an additional 75,806 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.