SPDR S&P Metals & Mining ETF Target of Unusually Large Options Trading (NYSEARCA:XME)

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) saw some unusual options trading on Tuesday. Investors acquired 16,055 call options on the stock. This represents an increase of 372% compared to the typical volume of 3,398 call options.

SPDR S&P Metals & Mining ETF Stock Up 2.0%

Shares of NYSEARCA:XME traded up $2.38 during midday trading on Tuesday, reaching $121.00. 200,803 shares of the company traded hands, compared to its average volume of 2,411,388. The firm’s fifty day moving average price is $109.69 and its two-hundred day moving average price is $113.62. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 21.07 and a beta of 1.29. SPDR S&P Metals & Mining ETF has a 12 month low of $83.11 and a 12 month high of $135.68.

Institutional Investors Weigh In On SPDR S&P Metals & Mining ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of SPDR S&P Metals & Mining ETF by 302.8% in the first quarter. Bank of America Corp DE now owns 7,579,721 shares of the exchange traded fund’s stock valued at $818,686,000 after acquiring an additional 5,697,852 shares during the period. Bank of Nova Scotia increased its holdings in SPDR S&P Metals & Mining ETF by 412.3% during the 4th quarter. Bank of Nova Scotia now owns 1,035,072 shares of the exchange traded fund’s stock worth $107,244,000 after acquiring an additional 833,020 shares during the period. LPL Financial LLC lifted its stake in SPDR S&P Metals & Mining ETF by 6.5% in the 4th quarter. LPL Financial LLC now owns 608,679 shares of the exchange traded fund’s stock worth $63,065,000 after purchasing an additional 36,989 shares in the last quarter. Raymond James Financial Inc. lifted its stake in SPDR S&P Metals & Mining ETF by 6.7% in the 3rd quarter. Raymond James Financial Inc. now owns 369,903 shares of the exchange traded fund’s stock worth $34,471,000 after purchasing an additional 23,212 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in SPDR S&P Metals & Mining ETF by 9.3% in the 1st quarter. Royal Bank of Canada now owns 286,381 shares of the exchange traded fund’s stock valued at $30,932,000 after purchasing an additional 24,319 shares during the period. 86.55% of the stock is currently owned by institutional investors.

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