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 activity on Tuesday. Traders bought 16,412 call options on the company. This is an increase of approximately 114% compared to the average daily volume of 7,678 call options.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

A number of large investors have recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the 3rd quarter worth $27,000. Elevated Capital Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth $28,000. Strive Financial Group LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth $31,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth $32,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF during the 1st quarter worth $37,000.

SPDR S&P Homebuilders ETF Trading Up 1.9%

NYSEARCA:XHB traded up $1.94 during trading hours on Tuesday, reaching $101.95. The company had a trading volume of 1,718,896 shares, compared to its average volume of 2,441,849. SPDR S&P Homebuilders ETF has a 52 week low of $91.71 and a 52 week high of $123.13. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 11.47 and a beta of 1.30. The firm’s 50 day moving average price is $101.68 and its 200-day moving average price is $106.67.

SPDR S&P Homebuilders ETF Company Profile

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.