SPDR S&P Homebuilders ETF Target of Unusually Large Options Trading (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the target of unusually large options trading activity on Tuesday. Traders acquired 16,951 call options on the stock. This is an increase of approximately 93% compared to the typical volume of 8,803 call options.

SPDR S&P Homebuilders ETF Stock Down 2.2%

XHB opened at $96.98 on Wednesday. SPDR S&P Homebuilders ETF has a twelve month low of $84.48 and a twelve month high of $123.13. The company has a 50-day simple moving average of $108.27 and a 200 day simple moving average of $107.77. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 11.47 and a beta of 1.32.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Several institutional investors and hedge funds have recently bought and sold shares of XHB. Founders Financial Alliance LLC bought a new stake in SPDR S&P Homebuilders ETF during the third quarter worth about $27,000. Elevated Capital Advisors LLC acquired a new position in SPDR S&P Homebuilders ETF during the fourth quarter worth about $28,000. Strive Financial Group LLC acquired a new position in SPDR S&P Homebuilders ETF during the fourth quarter worth about $31,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in SPDR S&P Homebuilders ETF during the fourth quarter worth about $32,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in SPDR S&P Homebuilders ETF during the third quarter worth about $33,000.

About SPDR S&P Homebuilders ETF

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.