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

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) saw some unusual options trading on Tuesday. Traders purchased 28,651 put options on the company. This represents an increase of 324% compared to the average volume of 6,753 put options.

Institutional Investors Weigh In On SPDR S&P Metals & Mining ETF

A number of hedge funds have recently added to or reduced their stakes in XME. Independence Bank of Kentucky bought a new stake in shares of SPDR S&P Metals & Mining ETF during the fourth quarter valued at about $31,000. Continuum Advisory LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF during the third quarter valued at about $55,000. Spire Wealth Management grew its holdings in SPDR S&P Metals & Mining ETF by 35.4% during the fourth quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 248 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in SPDR S&P Metals & Mining ETF by 200.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 959 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 640 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new position in SPDR S&P Metals & Mining ETF during the third quarter worth about $61,000.

SPDR S&P Metals & Mining ETF Stock Performance

XME stock opened at $57.30 on Thursday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.74 and a beta of 1.41. SPDR S&P Metals & Mining ETF has a 1 year low of $53.38 and a 1 year high of $70.49. The stock’s fifty day moving average is $59.20 and its two-hundred day moving average is $61.64.

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.