SPDR S&P Metals & Mining ETF Sees Unusually High Options Volume (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) saw some unusual options trading on Wednesday. Investors bought 56,809 put options on the company. This represents an increase of 792% compared to the typical volume of 6,372 put options.

SPDR S&P Metals & Mining ETF Stock Down 1.0%

NYSEARCA XME opened at $58.21 on Friday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.48 and a beta of 1.27. SPDR S&P Metals & Mining ETF has a twelve month low of $45.89 and a twelve month high of $70.49. The stock has a fifty day simple moving average of $56.15 and a 200 day simple moving average of $59.48.

Institutional Trading of SPDR S&P Metals & Mining ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in SPDR S&P Metals & Mining ETF by 23.6% during the 4th quarter. SG Americas Securities LLC now owns 47,610 shares of the exchange traded fund’s stock worth $2,702,000 after acquiring an additional 9,104 shares during the period. Lake Hills Wealth Management LLC boosted its stake in SPDR S&P Metals & Mining ETF by 19.3% during the 4th quarter. Lake Hills Wealth Management LLC now owns 52,568 shares of the exchange traded fund’s stock valued at $2,983,000 after purchasing an additional 8,518 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of SPDR S&P Metals & Mining ETF by 13.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 34,703 shares of the exchange traded fund’s stock worth $1,969,000 after buying an additional 4,035 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of SPDR S&P Metals & Mining ETF by 1.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 29,736 shares of the exchange traded fund’s stock worth $1,687,000 after buying an additional 355 shares in the last quarter. Finally, Synergy Asset Management LLC lifted its position in shares of SPDR S&P Metals & Mining ETF by 109.7% during the 4th quarter. Synergy Asset Management LLC now owns 8,456 shares of the exchange traded fund’s stock worth $512,000 after buying an additional 4,424 shares in the last quarter.

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.