Investors Purchase High Volume of Put Options on SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the recipient of unusually large options trading activity on Monday. Stock investors bought 8,135 put options on the company. This is an increase of approximately 34% compared to the typical daily volume of 6,093 put options.

SPDR S&P Metals & Mining ETF Stock Performance

SPDR S&P Metals & Mining ETF stock opened at $55.99 on Tuesday. SPDR S&P Metals & Mining ETF has a fifty-two week low of $53.05 and a fifty-two week high of $70.49. The stock has a market cap of $1.55 billion, a P/E ratio of 17.04 and a beta of 1.41. The firm’s fifty day moving average price is $58.86 and its 200-day moving average price is $61.56.

SPDR S&P Metals & Mining ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a dividend of $0.0688 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On SPDR S&P Metals & Mining ETF

Hedge funds have recently added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new stake in SPDR S&P Metals & Mining ETF in the 4th quarter worth approximately $31,000. Spire Wealth Management raised its stake in shares of SPDR S&P Metals & Mining ETF by 35.4% during the fourth quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 248 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 200.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 959 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 640 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter valued at $55,000. Finally, Rialto Wealth Management LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the 4th quarter valued at $102,000.

About SPDR S&P Metals & Mining ETF

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.