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

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of some unusual options trading activity on Tuesday. Stock investors bought 17,661 call options on the company. This is an increase of 74% compared to the typical daily volume of 10,148 call options.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in SPDR S&P Homebuilders ETF by 66.5% during the 4th quarter. BNP Paribas Financial Markets now owns 760,136 shares of the exchange traded fund’s stock worth $79,434,000 after purchasing an additional 303,539 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter worth about $43,362,000. LPL Financial LLC increased its holdings in SPDR S&P Homebuilders ETF by 6.6% during the 4th quarter. LPL Financial LLC now owns 396,616 shares of the exchange traded fund’s stock worth $41,446,000 after purchasing an additional 24,723 shares during the last quarter. FIL Ltd increased its stake in shares of SPDR S&P Homebuilders ETF by 8,832.7% in the fourth quarter. FIL Ltd now owns 343,819 shares of the exchange traded fund’s stock worth $35,929,000 after buying an additional 339,970 shares during the last quarter. Finally, Meitav Investment House Ltd. grew its holdings in SPDR S&P Homebuilders ETF by 54.9% during the 4th quarter. Meitav Investment House Ltd. now owns 212,293 shares of the exchange traded fund’s stock worth $22,185,000 after acquiring an additional 75,244 shares in the last quarter.

SPDR S&P Homebuilders ETF Price Performance

Shares of SPDR S&P Homebuilders ETF stock opened at $103.34 on Wednesday. The business has a 50 day moving average price of $106.50 and a 200 day moving average price of $114.08. The company has a market capitalization of $1.66 billion, a P/E ratio of 12.86 and a beta of 1.48. SPDR S&P Homebuilders ETF has a 1 year low of $97.40 and a 1 year high of $126.09.

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.