SPDR S&P Homebuilders ETF Sees Unusually Large Options Volume (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the target of unusually large options trading on Tuesday. Stock investors purchased 22,810 put options on the company. This is an increase of approximately 59% compared to the typical daily volume of 14,375 put options.

SPDR S&P Homebuilders ETF Price Performance

Shares of NYSEARCA:XHB opened at $100.78 on Thursday. The company has a market capitalization of $1.75 billion, a P/E ratio of 15.54 and a beta of 1.38. SPDR S&P Homebuilders ETF has a 1 year low of $67.46 and a 1 year high of $111.96. The business’s 50 day simple moving average is $104.50 and its 200 day simple moving average is $92.13.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

A number of large investors have recently added to or reduced their stakes in XHB. Brown Brothers Harriman & Co. bought a new stake in SPDR S&P Homebuilders ETF during the first quarter worth $25,000. Patriot Investment Management Group Inc. bought a new stake in SPDR S&P Homebuilders ETF during the fourth quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in SPDR S&P Homebuilders ETF during the third quarter worth $33,000. AlphaMark Advisors LLC bought a new stake in SPDR S&P Homebuilders ETF during the fourth quarter worth $34,000. Finally, Retirement Group LLC lifted its stake in SPDR S&P Homebuilders ETF by 35.5% during the fourth quarter. Retirement Group LLC now owns 573 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 150 shares during the last quarter.

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.