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

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) saw unusually large options trading on Tuesday. Investors bought 18,688 call options on the company. This is an increase of 110% compared to the average volume of 8,898 call options.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its stake in SPDR S&P Homebuilders ETF by 116.7% during the 4th quarter. Corient Private Wealth LLC now owns 6,179 shares of the exchange traded fund’s stock worth $584,000 after acquiring an additional 3,328 shares during the period. Strive Financial Group LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth $31,000. Galaxy Group Investments LLC bought a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at $463,000. Quadrature Capital Ltd bought a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at $5,250,000. Finally, CastleKnight Management LP purchased a new position in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at $515,000.

SPDR S&P Homebuilders ETF Stock Performance

NYSEARCA XHB opened at $117.22 on Wednesday. The business’s fifty day moving average is $111.65 and its 200 day moving average is $110.25. SPDR S&P Homebuilders ETF has a fifty-two week low of $84.48 and a fifty-two week high of $123.13. The company has a market capitalization of $1.83 billion, a PE ratio of 11.47 and a beta of 1.29.

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.