Traders Buy Large Volume of Call Options on SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) saw unusually large options trading activity on Thursday. Stock investors purchased 16,838 call options on the stock. This is an increase of approximately 47% compared to the average daily volume of 11,493 call options.

SPDR S&P Homebuilders ETF Trading Up 0.8%

XHB stock opened at $97.60 on Friday. The stock has a 50-day moving average price of $95.65 and a two-hundred day moving average price of $100.36. SPDR S&P Homebuilders ETF has a 1 year low of $84.48 and a 1 year high of $126.09. The stock has a market cap of $1.41 billion, a PE ratio of 11.47 and a beta of 1.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of XHB. Jacobi Capital Management LLC lifted its position in shares of SPDR S&P Homebuilders ETF by 6.9% in the first quarter. Jacobi Capital Management LLC now owns 4,670 shares of the exchange traded fund’s stock worth $453,000 after purchasing an additional 300 shares in the last quarter. BOS Asset Management LLC bought a new stake in SPDR S&P Homebuilders ETF during the 1st quarter worth about $3,221,000. Bluefin Capital Management LLC acquired a new position in shares of SPDR S&P Homebuilders ETF during the 1st quarter worth about $812,000. Focus Partners Wealth boosted its stake in shares of SPDR S&P Homebuilders ETF by 190.6% during the 1st quarter. Focus Partners Wealth now owns 8,710 shares of the exchange traded fund’s stock worth $844,000 after buying an additional 5,713 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of SPDR S&P Homebuilders ETF by 24.0% in the 1st quarter. Jones Financial Companies Lllp now owns 6,638 shares of the exchange traded fund’s stock valued at $643,000 after acquiring an additional 1,283 shares in the last quarter.

About SPDR S&P Homebuilders ETF

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.