Stock Traders Buy Large Volume of Put Options on SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) saw some unusual options trading activity on Thursday. Stock investors bought 18,257 put options on the stock. This represents an increase of approximately 140% compared to the typical volume of 7,619 put options.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

A number of hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors lifted its stake in SPDR S&P Homebuilders ETF by 2.2% in the first quarter. Arkadios Wealth Advisors now owns 5,076 shares of the exchange traded fund’s stock valued at $501,000 after buying an additional 107 shares in the last quarter. Garrison Point Advisors LLC increased its position in shares of SPDR S&P Homebuilders ETF by 1.5% in the fourth quarter. Garrison Point Advisors LLC now owns 9,955 shares of the exchange traded fund’s stock valued at $1,025,000 after acquiring an additional 145 shares during the last quarter. Quantbot Technologies LP increased its position in shares of SPDR S&P Homebuilders ETF by 66.4% during the 3rd quarter. Quantbot Technologies LP now owns 426 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 170 shares during the last quarter. FLP Wealth Management LLC raised its position in SPDR S&P Homebuilders ETF by 7.4% during the first quarter. FLP Wealth Management LLC now owns 2,564 shares of the exchange traded fund’s stock worth $253,000 after acquiring an additional 177 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC raised its holdings in shares of SPDR S&P Homebuilders ETF by 1.8% in the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 10,659 shares of the exchange traded fund’s stock valued at $1,232,000 after purchasing an additional 184 shares during the period.

SPDR S&P Homebuilders ETF Stock Performance

NYSEARCA:XHB traded down $0.36 during mid-day trading on Thursday, hitting $104.32. The company had a trading volume of 2,283,926 shares, compared to its average volume of 2,556,003. The firm has a market cap of $1.63 billion, a P/E ratio of 11.47 and a beta of 1.24. The business’s fifty day moving average is $107.65 and its two-hundred day moving average is $107.57. SPDR S&P Homebuilders ETF has a fifty-two week low of $93.57 and a fifty-two week high of $123.13.

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.