SPDR S&P Regional Banking ETF Sees Unusually High Options Volume (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of unusually large options trading on Wednesday. Traders purchased 192,147 put options on the stock. This is an increase of approximately 138% compared to the average volume of 80,800 put options.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE opened at $69.95 on Friday. The company’s 50-day simple moving average is $74.43 and its 200-day simple moving average is $71.67. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year high of $78.35. The stock has a market capitalization of $4.02 billion, a PE ratio of 12.39 and a beta of 0.83.

Institutional Trading of SPDR S&P Regional Banking ETF

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in SPDR S&P Regional Banking ETF by 21.0% in the first quarter. Renaissance Technologies LLC now owns 141,900 shares of the exchange traded fund’s stock valued at $9,245,000 after buying an additional 24,600 shares in the last quarter. Summit Securities Group LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 216.2% in the 1st quarter. Summit Securities Group LLC now owns 23,919 shares of the exchange traded fund’s stock valued at $1,558,000 after purchasing an additional 16,354 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 34.3% in the second quarter. First Eagle Investment Management LLC now owns 236,569 shares of the exchange traded fund’s stock valued at $17,707,000 after acquiring an additional 60,450 shares during the period. Private Advisor Group LLC grew its position in SPDR S&P Regional Banking ETF by 60.2% during the 1st quarter. Private Advisor Group LLC now owns 34,975 shares of the exchange traded fund’s stock worth $2,279,000 after purchasing an additional 13,140 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of SPDR S&P Regional Banking ETF during the first quarter worth about $1,496,000.

SPDR S&P Regional Banking ETF Company Profile

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.