Traders Buy High Volume of SPDR S&P Aerospace & Defense ETF Put Options (NYSEARCA:XAR)

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) saw some unusual options trading activity on Wednesday. Investors bought 5,000 put options on the company. This is an increase of 6,310% compared to the average volume of 78 put options.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Timbuktu Capital Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at about $28,000. Glenmede Trust Co. NA acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at about $30,000. Strive Financial Group LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at about $30,000. Finally, Investors Research Corp grew its stake in SPDR S&P Aerospace & Defense ETF by 105.0% during the 2nd quarter. Investors Research Corp now owns 164 shares of the company’s stock worth $47,000 after buying an additional 84 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR traded up $2.34 during mid-day trading on Wednesday, reaching $267.19. The company’s stock had a trading volume of 57,017 shares, compared to its average volume of 261,398. SPDR S&P Aerospace & Defense ETF has a 12-month low of $211.80 and a 12-month high of $297.79. The stock has a market cap of $6.04 billion, a PE ratio of 35.83 and a beta of 1.01. The company’s 50 day moving average is $276.48 and its 200 day moving average is $272.65.

SPDR S&P Aerospace & Defense ETF Company Profile

The SPDR S&P Aerospace & Defense ETF (XAR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of US aerospace & defense companies. XAR was launched on Sep 28, 2011 and is managed by State Street.