Investors Purchase High Volume of SPDR S&P Regional Banking ETF Put Options (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of some unusual options trading on Thursday. Investors bought 222,044 put options on the company. This represents an increase of 110% compared to the typical daily volume of 105,499 put options.

Institutional Trading of SPDR S&P Regional Banking ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its stake in shares of SPDR S&P Regional Banking ETF by 239.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 164,654 shares of the exchange traded fund’s stock valued at $9,779,000 after purchasing an additional 116,189 shares during the last quarter. Greenland Capital Management LP lifted its holdings in SPDR S&P Regional Banking ETF by 46.5% in the second quarter. Greenland Capital Management LP now owns 22,011 shares of the exchange traded fund’s stock valued at $1,307,000 after buying an additional 6,988 shares during the period. Watchman Group Inc. acquired a new position in SPDR S&P Regional Banking ETF in the second quarter valued at approximately $1,855,000. Warberg Asset Management LLC bought a new position in SPDR S&P Regional Banking ETF in the second quarter valued at approximately $228,000. Finally, Global Retirement Partners LLC bought a new position in SPDR S&P Regional Banking ETF in the second quarter valued at approximately $522,000.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $63.19 on Friday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a 52 week low of $47.06 and a 52 week high of $74.08. The stock has a fifty day moving average of $68.31 and a 200-day moving average of $65.21.

About SPDR S&P Regional Banking ETF

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.