SPDR S&P Homebuilders ETF Target of Unusually Large Options Trading (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the target of unusually large options trading on Thursday. Stock investors purchased 23,723 call options on the company. This is an increase of approximately 113% compared to the typical daily volume of 11,116 call options.

SPDR S&P Homebuilders ETF Price Performance

Shares of XHB traded up $0.24 during midday trading on Thursday, hitting $115.08. 1,656,187 shares of the company traded hands, compared to its average volume of 3,140,106. SPDR S&P Homebuilders ETF has a one year low of $84.48 and a one year high of $120.58. The firm has a market cap of $1.88 billion, a P/E ratio of 11.47 and a beta of 1.29. The stock has a 50-day moving average of $106.99 and a 200-day moving average of $108.35.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Childress Capital Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the third quarter valued at about $1,562,000. Focus Financial Network Inc. bought a new position in SPDR S&P Homebuilders ETF during the 3rd quarter valued at approximately $733,000. AAFMAA Wealth Management & Trust LLC lifted its holdings in SPDR S&P Homebuilders ETF by 6.0% in the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 23,598 shares of the exchange traded fund’s stock worth $2,326,000 after buying an additional 1,327 shares during the period. Ellis Investment Partners LLC grew its position in shares of SPDR S&P Homebuilders ETF by 8.3% in the 2nd quarter. Ellis Investment Partners LLC now owns 33,218 shares of the exchange traded fund’s stock worth $3,274,000 after buying an additional 2,537 shares during the last quarter. Finally, Bogart Wealth LLC increased its stake in shares of SPDR S&P Homebuilders ETF by 9.7% during the second quarter. Bogart Wealth LLC now owns 28,447 shares of the exchange traded fund’s stock valued at $2,804,000 after buying an additional 2,516 shares during the period.

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.