Investors Purchase Large Volume of Put Options on State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM)

State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) was the recipient of some unusual options trading on Tuesday. Investors purchased 3,895 put options on the stock. This represents an increase of 73% compared to the typical volume of 2,257 put options.

Hedge Funds Weigh In On State Street SPDR Portfolio S&P 500 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Insights Inc. grew its position in State Street SPDR Portfolio S&P 500 ETF by 1.3% in the second quarter. Financial Insights Inc. now owns 542,614 shares of the company’s stock valued at $47,685,000 after acquiring an additional 7,183 shares in the last quarter. Strategic Financial Services Inc. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the second quarter valued at $208,000. Ameritas Advisory Services LLC boosted its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 109.8% in the second quarter. Ameritas Advisory Services LLC now owns 95,483 shares of the company’s stock valued at $8,391,000 after purchasing an additional 49,972 shares during the period. Guardian Wealth Advisors LLC NC grew its holdings in State Street SPDR Portfolio S&P 500 ETF by 2.4% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 112,634 shares of the company’s stock valued at $9,898,000 after purchasing an additional 2,592 shares in the last quarter. Finally, Kintra Wealth LLC acquired a new stake in State Street SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at $557,000.

State Street SPDR Portfolio S&P 500 ETF Trading Up 0.2%

Shares of SPYM traded up $0.20 during midday trading on Tuesday, reaching $90.08. 1,852,731 shares of the company were exchanged, compared to its average volume of 13,333,730. State Street SPDR Portfolio S&P 500 ETF has a 1-year low of $74.06 and a 1-year high of $91.74. The stock has a 50-day moving average price of $88.52 and a 200-day moving average price of $84.61.

About State Street SPDR Portfolio S&P 500 ETF

The Tradr 2X Long SPY Monthly ETF (SPYM) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, seeking to provide 2x the exposure to the monthly price return of the SPDR S&P 500 ETF (ticker: SPY-US) through swap agreements with major global financial institutions. SPYM was launched on Sep 3, 2024 and is issued by Tradr.