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

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of unusually large options trading on Monday. Traders bought 17,302 put options on the company. This represents an increase of 143% compared to the typical volume of 7,132 put options.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Large investors have recently bought and sold shares of the business. Global Trust Asset Management LLC bought a new position in SPDR S&P Metals & Mining ETF in the second quarter worth about $27,000. Private Wealth Asset Management LLC bought a new position in SPDR S&P Metals & Mining ETF in the second quarter worth about $30,000. Sound Income Strategies LLC lifted its holdings in SPDR S&P Metals & Mining ETF by 1,829.2% in the second quarter. Sound Income Strategies LLC now owns 926 shares of the exchange traded fund’s stock worth $62,000 after acquiring an additional 878 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in SPDR S&P Metals & Mining ETF in the second quarter worth about $83,000. Finally, Reyes Financial Architecture Inc. bought a new position in SPDR S&P Metals & Mining ETF in the second quarter worth about $85,000. Institutional investors own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Performance

NYSEARCA:XME opened at $108.08 on Tuesday. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 21.07 and a beta of 1.48. SPDR S&P Metals & Mining ETF has a one year low of $45.89 and a one year high of $108.93. The stock has a 50-day simple moving average of $86.62 and a 200 day simple moving average of $71.18.

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.