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

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the target of unusually large options trading activity on Thursday. Stock traders acquired 23,723 call options on the stock. This represents an increase of 113% compared to the typical daily volume of 11,116 call options.

SPDR S&P Homebuilders ETF Stock Down 1.1%

Shares of NYSEARCA XHB opened at $113.60 on Friday. The company has a market capitalization of $1.86 billion, a PE ratio of 11.47 and a beta of 1.29. The stock’s 50 day moving average price is $107.18 and its 200-day moving average price is $108.38. SPDR S&P Homebuilders ETF has a twelve month low of $84.48 and a twelve month high of $120.58.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

A number of hedge funds have recently made changes to their positions in XHB. Assetmark Inc. grew its position in SPDR S&P Homebuilders ETF by 424.0% during the second quarter. Assetmark Inc. now owns 262 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 212 shares during the last quarter. Founders Financial Alliance LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter valued at about $27,000. Allspring Global Investments Holdings LLC purchased a new stake in SPDR S&P Homebuilders ETF during the 3rd quarter valued at about $33,000. Private Wealth Asset Management LLC bought a new position in SPDR S&P Homebuilders ETF during the 2nd quarter worth approximately $39,000. Finally, Bangor Savings Bank purchased a new position in SPDR S&P Homebuilders ETF in the 3rd quarter worth approximately $44,000.

SPDR S&P Homebuilders ETF Company Profile

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.