SPDR S&P Metals & Mining ETF Target of Unusually High Options Trading (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) saw unusually large options trading on Monday. Traders purchased 45,987 put options on the stock. This represents an increase of 655% compared to the average volume of 6,087 put options.

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

A number of hedge funds have recently bought and sold shares of the company. Modern Wealth Management LLC increased its stake in SPDR S&P Metals & Mining ETF by 6.5% during the fourth quarter. Modern Wealth Management LLC now owns 10,299 shares of the exchange traded fund’s stock valued at $644,000 after purchasing an additional 627 shares during the last quarter. LPL Financial LLC raised its stake in SPDR S&P Metals & Mining ETF by 17.6% during the fourth quarter. LPL Financial LLC now owns 435,022 shares of the exchange traded fund’s stock worth $24,687,000 after acquiring an additional 65,102 shares during the period. Quantbot Technologies LP bought a new position in SPDR S&P Metals & Mining ETF in the fourth quarter worth about $888,000. Wellington Shields Capital Management LLC boosted its stake in SPDR S&P Metals & Mining ETF by 5.3% in the fourth quarter. Wellington Shields Capital Management LLC now owns 53,548 shares of the exchange traded fund’s stock valued at $3,039,000 after acquiring an additional 2,679 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of SPDR S&P Metals & Mining ETF by 9.0% during the fourth quarter. Farther Finance Advisors LLC now owns 5,724 shares of the exchange traded fund’s stock valued at $325,000 after purchasing an additional 471 shares during the last quarter.

SPDR S&P Metals & Mining ETF Stock Performance

XME opened at $62.07 on Wednesday. The company has a market capitalization of $2.09 billion, a P/E ratio of 6.15 and a beta of 1.20. The company has a 50-day moving average of $59.94 and a 200-day moving average of $61.55. SPDR S&P Metals & Mining ETF has a 1-year low of $53.38 and a 1-year high of $70.49.

SPDR S&P Metals & Mining ETF Company Profile

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.