Traders Purchase High Volume of Put Options on SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) was the target of unusually large options trading on Tuesday. Stock traders acquired 36,427 put options on the stock. This is an increase of 198% compared to the average daily volume of 12,230 put options.

SPDR S&P Oil & Gas Exploration & Production ETF Price Performance

NYSEARCA XOP traded down $5.38 on Tuesday, reaching $124.50. The stock had a trading volume of 2,584,486 shares, compared to its average volume of 3,349,500. The company has a market cap of $1.83 billion, a P/E ratio of 11.28 and a beta of 0.95. The firm has a fifty day moving average of $130.05 and a two-hundred day moving average of $129.34. SPDR S&P Oil & Gas Exploration & Production ETF has a 1-year low of $99.01 and a 1-year high of $146.56.

Hedge Funds Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

Several institutional investors and hedge funds have recently modified their holdings of XOP. Financial Gravity Companies Inc. bought a new position in SPDR S&P Oil & Gas Exploration & Production ETF during the second quarter worth about $28,000. Winthrop Capital Management LLC grew its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 84.4% during the 2nd quarter. Winthrop Capital Management LLC now owns 236 shares of the company’s stock worth $30,000 after purchasing an additional 108 shares in the last quarter. IFP Advisors Inc raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% in the third quarter. IFP Advisors Inc now owns 290 shares of the company’s stock valued at $38,000 after buying an additional 227 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at approximately $38,000. Finally, Advisory Services Network LLC acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the third quarter worth approximately $46,000.

SPDR S&P Oil & Gas Exploration & Production ETF Company Profile

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.