SPDR S&P Homebuilders ETF (NYSEARCA:XHB – Get Free Report) saw unusually large options trading on Wednesday. Stock traders acquired 9,707 call options on the company. This is an increase of 55% compared to the average daily volume of 6,251 call options.
SPDR S&P Homebuilders ETF Trading Down 2.5%
Shares of NYSEARCA:XHB traded down $2.41 on Wednesday, hitting $92.22. The company had a trading volume of 1,076,383 shares, compared to its average volume of 2,359,858. SPDR S&P Homebuilders ETF has a 52-week low of $92.14 and a 52-week high of $123.13. The business has a 50 day moving average of $101.46 and a 200 day moving average of $103.99. The company has a market cap of $1.46 billion, a PE ratio of 11.47 and a beta of 1.25.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Annex Advisory Services LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF during the 2nd quarter worth about $66,305,000. Greenland Capital Management LP acquired a new position in shares of SPDR S&P Homebuilders ETF during the 2nd quarter valued at $17,334,000. Congress Asset Management Co. purchased a new stake in SPDR S&P Homebuilders ETF during the 3rd quarter worth $104,000. Concentric Capital Strategies LP acquired a new position in shares of SPDR S&P Homebuilders ETF during the fourth quarter worth about $10,308,000. Finally, Graham Capital Management L.P. purchased a new position in SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $8,978,000.
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.
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