SPDR S&P Biotech ETF (NYSEARCA:XBI) Sees Large Volume Increase

Shares of SPDR S&P Biotech ETF (NYSEARCA:XBIGet Rating) saw unusually-strong trading volume on Monday . Approximately 371,197 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 13,504,043 shares.The stock last traded at $81.30 and had previously closed at $83.27.

SPDR S&P Biotech ETF Price Performance

The firm’s 50-day simple moving average is $85.70 and its 200 day simple moving average is $80.98.

Institutional Trading of SPDR S&P Biotech ETF

Several hedge funds have recently added to or reduced their stakes in XBI. Private Trust Co. NA purchased a new position in shares of SPDR S&P Biotech ETF in the second quarter worth about $84,000. Verition Fund Management LLC increased its stake in shares of SPDR S&P Biotech ETF by 1,595.3% in the second quarter. Verition Fund Management LLC now owns 98,176 shares of the exchange traded fund’s stock worth $7,292,000 after purchasing an additional 92,385 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of SPDR S&P Biotech ETF by 29.9% in the second quarter. Captrust Financial Advisors now owns 14,258 shares of the exchange traded fund’s stock worth $1,059,000 after purchasing an additional 3,281 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in shares of SPDR S&P Biotech ETF by 28.0% in the second quarter. Eagle Bay Advisors LLC now owns 4,751 shares of the exchange traded fund’s stock worth $353,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Castleview Partners LLC increased its stake in shares of SPDR S&P Biotech ETF by 6,950.5% in the second quarter. Castleview Partners LLC now owns 7,826 shares of the exchange traded fund’s stock worth $326,000 after purchasing an additional 7,715 shares in the last quarter.

SPDR S&P Biotech ETF Company Profile

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SPDR S&P Biotech ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Biotechnology Select Industry Index. The S&P Biotechnology Select Industry Index represents the biotechnology 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.

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