Stock Traders Purchase Large Volume of SPDR S&P Oil & Gas Exploration & Production ETF Put Options (NYSEARCA:XOP)

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) was the recipient of some unusual options trading on Monday. Investors purchased 84,513 put options on the company. This represents an increase of approximately 297% compared to the average daily volume of 21,309 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XOP. Anchor Investment Management LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth $33,000. Creative Financial Designs Inc. ADV grew its stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 500.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 250 shares during the period. Providence First Trust Co bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter worth $48,000. FSA Wealth Management LLC bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter worth $92,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 4th quarter worth about $141,000.

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

Shares of NYSEARCA:XOP opened at $124.57 on Tuesday. The company has a market capitalization of $1.99 billion, a PE ratio of 9.54 and a beta of 1.69. The business has a fifty day moving average price of $136.43 and a two-hundred day moving average price of $136.40. SPDR S&P Oil & Gas Exploration & Production ETF has a 1 year low of $123.33 and a 1 year high of $162.49.

About SPDR S&P Oil & Gas Exploration & Production ETF

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.