Traders Buy Large Volume of Put Options on SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of some unusual options trading activity on Tuesday. Stock traders purchased 28,651 put options on the company. This represents an increase of approximately 324% compared to the average volume of 6,753 put options.

SPDR S&P Metals & Mining ETF Stock Down 1.5 %

Shares of XME traded down $0.84 during mid-day trading on Tuesday, reaching $55.37. The company’s stock had a trading volume of 1,150,825 shares, compared to its average volume of 1,632,467. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 13.74 and a beta of 1.41. The business has a fifty day moving average of $59.23 and a 200 day moving average of $61.66. SPDR S&P Metals & Mining ETF has a 1 year low of $53.38 and a 1 year high of $70.49.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Blair William & Co. IL boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 0.7% during the fourth quarter. Blair William & Co. IL now owns 33,288 shares of the exchange traded fund’s stock worth $1,889,000 after purchasing an additional 233 shares during the period. MML Investors Services LLC lifted its position in SPDR S&P Metals & Mining ETF by 3.1% in the 3rd quarter. MML Investors Services LLC now owns 7,996 shares of the exchange traded fund’s stock worth $509,000 after buying an additional 238 shares in the last quarter. Spire Wealth Management boosted its stake in shares of SPDR S&P Metals & Mining ETF by 35.4% during the 4th quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 248 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of SPDR S&P Metals & Mining ETF by 15.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,866 shares of the exchange traded fund’s stock valued at $106,000 after acquiring an additional 250 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of SPDR S&P Metals & Mining ETF by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 40,488 shares of the exchange traded fund’s stock worth $2,298,000 after acquiring an additional 277 shares during the last quarter.

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.